Updated HMRC Guidance on VAT Group Penalties and Point Transfers

• HMRC updated Internal Guidance VGROUPS01530 on VAT penalties for late submissions
• Penalties are based on a points system
• For VAT groups, the representative member holds a single liability for all points
• Liability for points transfers to a new representative if there is a change
• New members joining a VAT group do not bring their previous points
• Members leaving a VAT group and registering independently start with zero points
• Divisions within a VAT group are liable for their own points and penalties separately
• Each division has its own maximum points total

Source: deeksvat.co.uk

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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