- Policy Change: The amendment allows HMRC to extend the deadline for businesses de-registering from VAT to submit their final return, addressing issues of processing delays and compliance challenges.
- Objective and Background: Aimed at ensuring fairness in the VAT de-registration process, this measure formalizes an existing administrative practice that prevents businesses from incurring penalties due to circumstances beyond their control.
- Impact Assessment: The changes are not expected to have significant economic, Exchequer, or individual impacts, with minimal operational costs for HMRC and no anticipated effects on businesses or equality groups.
Source gov.uk
