- UK introduces option to extend deadline for final VAT returns before de-registering
- Affects businesses in the UK cancelling VAT registration
- Current rule requires final VAT return within one month after cancellation
- Electronic submissions get a one-week extension
- Penalties and interest apply for missed deadlines
- HMRC previously allowed extra time informally
- New regulation makes deadline extension part of the law
- Aims to make the process fairer and align with regular VAT return rules
- New rule expected to take effect from 13 June 2025
- Amendment will give HMRC authority to extend deadlines officially
- Businesses may get more time for final returns, reducing penalties for delays
- Change brings clarity and consistency to the de-registration process
Source: marosavat.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.
