- The Value Added Tax Amendment Regulations 2025 have updated the VAT Regulations 1995
- HMRC now has the power to extend the time for submitting final VAT returns
- Businesses must submit final VAT returns within a month after cancellation takes effect
- An additional week is allowed for electronic returns
- Payment is due on the last day the return is due
- HMRC processing delays can affect submission and payment deadlines
- The new regulations provide a regulatory basis for extending submission time
- The regulations will be effective from 13 June 2025
Source: taxscape.deloitte.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.
