Jump to content

VAT surcharges


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 5324 days.

If you need to add something to this thread then


Please click the "Report " link


at the bottom of one of the posts.


If you want to post a new story then


Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 



Recommended Posts

Does anyone know if consumer regs also apply to businesses?


I have seen how bank charges on business accounts can be reclaimed, but small businesses registered for VAT can be clobbered by HMRC for VAT surcharges (up to 15%) if VAT is paid late (eg, if bills are paid late by customers, unless on the VAT cash accounting scheme).


Does the rule that charges should reflect costs apply to HMRC? I have paid a couple of charges of £500 each for paying VAT a couple of days late, and on each occasion the only cost I can see that was incurred is the price of a letter.


Any ideas?




Link to post
Share on other sites

The surcharges on VAT are applied as follows :

If you are late with 1 qtr they will charge you 2%, If you are late with another qtr within a 12 month period they will charge you 10% and if you are late again they will charge you 15%.

Try (if you can) paying the vat bill in installments before the due date (1 month after the end of the vat qtr). It has helped me in the past.

Link to post
Share on other sites


  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?

  • Create New...