- New VAT chain coming into force in stages from 1 January 2025
- Quarterly declarers given extra 5 days to file VAT returns
- Abolishment of all other tolerances on filing and payment
- Summer scheme and extension to first working day abolished under new VAT chain
- Transitional arrangement retaining tolerances until 30 September 2025
- New account number for VAT payments from 1 October 2025
- Introduction of VAT commission account gradually
- Transitional arrangement for fines until 30 September 2025
- Waiver of fine for late filing with petition after 1 October 2025
Source: vatsquare.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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