We would like to remind businesses who are VAT registered that the deadline for submitting VAT returns online is usually one calendar month and 7 days after the end of an accounting period. This is also the deadline for paying HMRC. For example, for January to March 2023:
- The quarterly accounting period ends on 31 March 2023
- The deadline for submitting the VAT return online, and the payment deadline for that quarter, is 7 May 2023.
Businesses need to allow time for payment to reach HMRC’s account.
There has been some important changes to late VAT payment charges which can be found here. The new penalties will be fairer and more proportionate for businesses who submit their VAT returns or pay their VAT late. The first monthly returns and payments affected by the penalties are due by 7 March 2023.
Find Out More