Changes to VAT penalties and interest charges if you submit a VAT Return for an accounting period starting on or after 1 January 2023.
Changes to VAT penalties and interest
For VAT accounting periods starting on or after 1 January 2023 there are new penalties for VAT returns that are submitted late and VAT which is paid late. The way interest is charged has also changed.
The changes aim to simplify and separate penalties and interest.
Source gov.uk
