- Research Focus: The report examines the early experiences of VAT-registered businesses affected by the reforms to VAT penalties that took effect on January 1, 2023, specifically addressing penalties for late submission of VAT returns and late payments.
- Methodology: The study, commissioned by HMRC and conducted by Verian (formerly Kantar Public), involved qualitative research through 48 in-depth interviews with a diverse range of VAT-registered businesses, including those familiar with both the current and previous penalty regimes.
- Subjectivity of Findings: The perspectives presented in the report reflect the authors’ views and may not necessarily align with the official stance of HM Revenue and Customs.
Source gov.uk
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