December 2021 VATwatch

Christmas Opening Hours

The office will be closed from 5pm on Thursday 23^rd December until 9am on Tuesday 4^th January.

Wishing you all a wonderful Christmas and New Year.

VAT50/51

For group VAT registration applications, HMRC has redeveloped forms VAT 50 and 51 so that there is now a combined form to be used.

Changes to penalties

For periods beginning on or after 1st April 2022, there are changes to the penalty system for late submission or payment of VAT Returns.

HMRC has produced a very helpful video explaining the changes and I am trying to get a copy to share. In the meantime, you can read about the changes online.

Thank you for taking the time to read this VATwatch round-up.