- HMRC in the UK extends the deadline for final VAT return submission after deregistration.
- Change affects businesses deregistering from VAT in the UK.
- Previously, businesses had one month and seven days to submit their final VAT return.
- Delays in processing deregistrations could lead to penalties for businesses.
- New amendment allows HMRC to extend the deadline for final VAT returns.
- Provides businesses more flexibility if deregistration processing is delayed.
- Amendment formalizes existing practice of deadline extensions by HMRC.
- Aims to prevent unfair penalties and improve clarity and consistency in deregistration procedures.
Source: easytax.co
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.
