Article added on Tuesday, 4 December 2018

DEFAULT SURCHARGE

Default surcharge: no fine means no problem, doesn’t it?

Where you’re late submitting a VAT return or paying your bill, HMRC will issue a surcharge notice. But if it’s your first offence it won’t fine you. Why is it important that you don’t simply breathe a sigh of relief at not receiving a penalty?

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Last Updated: 18.12.2018

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