When is vat return due hmrc

Spread the word! Related Posts. Surcharge period. No surcharge but if you default within 12 months you enter a surcharge period. None, but if you miss another VAT deadline within 12 months of the issue of a help letter you will formally enter the surcharge system. No surcharge but you enter a surcharge period. The recent case of the England and Wales Cricket Board shows that it is important to consider all possibilities.

Whilst this is a simplified version of events, it does show that going to Tribunal does by and large mean an unsuccessful trip, there can still be circumstances where a reasonable excuse argument can work.

The moral of the story here is that if you do incur a DS penalty then unless you have a reasonable excuse, you are unlikely to succeed with any appeal even with a proportionality argument.

However, it is always worth exploring whether there is a case that can be built to protect from potentially significant penalties. Before making an appeal we recommend that you take advice to make sure you put yourself in the best possible position to succeed. On a final note a new DS regime is due to be introduced so we wait and see how that will look and if it will be less severe….

Wealth Management Investment Cost Calculator. Share Post:. Please note that Chancellor Rishi Sunak has set up a VAT payment deferral to support businesses in managing their finances during the pandemic. If you have deferred payments between 20 March and 30 June and still need to make payments, the following options are available to you:.

You may be charged interest or a penalty fee if you do not use one of the above choices by the supplied deadlines. If your business makes PAYE payments for your employees, then take note of the following monthly deadlines for:. Corporation Tax is owed by all UK limited companies.

Corporation Tax Returns CT are due 1 year after your end, whilst Corporation Tax payments are due 9 months and 1 day after your year end. The deadline adjusts depending on the date of your year end, for example if this date is the 31 December , then your Corporation Tax payment will be due by 1 October The precise tax date deadlines that your business will need to adhere to depend on a variety of factors.