VAT Penalties and the NEW points-based system. When do the new VAT late submission penalties (LSP), late payment penalties (LPP) and late payment interest apply?

Use our Virtual Tax Partner tool to find out when you move into the fall into the new VAT penalty regime.

 

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Filing frequency Monthly
Return From To  01 January 2023 - 31 January 2023 
First submission due date to which LSPs apply 07 March 2023
Earliest possible 1st LSP point 08 March 2023
First date LSP (penalty) could be applied 08 July 2023
First payment due date to which LPPs apply 07 March 2023
First date LPP could be applied 07 April 2023
First payment due date to which late payment interest applies 07 March 2023
First date late payment interest charge could be applied from 08 March 2023

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

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The stagger is the period to which you prepare your returns.
E.g.
March stagger: 31 March, 30 June, 30 Sept, 31 Dec
April stagger: 30 April, 31 July, 31 Oct, 31 Jan
May stagger: 31 May, 31 Aug, 31 Nov, 28 Feb

Filing frequency Quarterly Payment on Account customer (stagger 1)
Return period  01 January 2023 to  31 March 2023
First submission due date to which LSPs apply  30 April 2023
Earliest possible 1st LSP point  01 May 2023
First date LSP (penalty) could be applied  01 February 2024
First payment due date to which LPPs apply  30 April 2023
First date LPP could be applied  31 May 2023
First payment due date to which late payment interest applies  28 February 2023
First date late payment interest charge could be applied from  01 March 2023

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

Filing frequency Quarterly Payment on Account customer (stagger 2)
Return start  01 February 2023 to 30 April 2023
First submission due date to which LSPs apply  31 May 2023
Earliest possible 1st LSP point  01 June 2023
First date LSP (penalty) could be applied  01 March 2024
First payment due date to which LPPs apply  31 May 2023
First date LPP could be applied  01 July 2023
First payment due date to which late payment interest applies  31 March 2023
First date late payment interest charge could be applied from  01 April 2023

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

Filing frequency Quarterly Payment on Account customer (stagger 3)
Return from to  01 March 2023 to  31 May 2023
First submission due date to which LSPs apply  30 June 2023
Earliest possible 1st LSP point  01 July 2023
First date LSP (penalty) could be applied  01 April 2024
First payment due date to which LPPs apply  30 June 2023
First date LPP could be applied  31 July 2023
First payment due date to which late payment interest applies  28 April 2023
First date late payment interest charge could be applied from  29 April 2023

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

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The stagger relates to the period-end to which you prepare your returns.
E.g.
March stagger: 31 March, 30 June, 30 Sept, 31 Dec
April stagger: 30 April, 31 July, 31 Oct, 31 Jan
May stagger: 31 May, 31 Aug, 31 Nov, 28 Feb

Filing frequency Quarterly (stagger 1)
Return from to  1 January 2023 to 31 March 2023 
First submission due date to which LSPs apply  7 May 2023
Earliest possible 1st LSP point  8 May 2023
First date LSP (penalty) could be applied  8 February 2024
First payment due date to which LPPs apply  7 May 2023
First date LPP could be applied  7 June 2023
First payment due date to which late payment interest applies  7 May 2023
First date late payment interest charge could be applied from  8 May 2023

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

Filing frequency Quarterly (stagger 2)
Return from to  1 February 2023 to 30 April 2023 
First submission due date to which LSPs apply  7 June 2023
Earliest possible 1st LSP point  8 June 2023
First date LSP (penalty) could be applied  8 March 2024
First payment due date to which LPPs apply  7 June 2023
First date LPP could be applied  8 July 2023
First payment due date to which late payment interest applies  7 June 2023
First date late payment interest charge could be applied from  8 June 2023

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

Filing frequency Quarterly (stagger 3)
Return from to  1 March 2023 to 31 May 2023
First submission due date to which LSPs apply  7 July 2023
Earliest possible 1st LSP point  8 July 2023
First date LSP (penalty) could be applied  8 April 2024
First payment due date to which LPPs apply  7 July 2023
First date LPP could be applied  7 August 2023
First payment due date to which late payment interest applies  7 July 2023
First date late payment interest charge could be applied from  8 July 2023

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

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Filing frequency Annual (January start)
Return from to  1 January 2023 to 31 December 2023
First submission due date to which LSPs apply  29 February 2024
Earliest possible 1st LSP point 1 March 2024
First date LSP (penalty) could be applied  28 February 2025
First payment due date to which LPPs apply  29 February 2024
First date LPP could be applied  31 March 2024
First payment due date to which late payment interest applies  29 February 2024
First date late payment interest charge could be applied from  1 March 2024

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

Filing frequency Annual (February start)
Return from to 1 February 2023 to  31 January 2024
First submission due date to which LSPs apply  28 March 2024
Earliest possible 1st LSP point  29 March 2024
First date LSP (penalty) could be applied  31 March 2025
First payment due date to which LPPs apply  28 March 2024
First date LPP could be applied  28 April 2024
First payment due date to which late payment interest applies  28 March 2024
First date late payment interest charge could be applied from  29 March 2024

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

Filing frequency Annual (March start)
Return from to  01 March 2023 to 29 February 2024
First submission due date to which LSPs apply  30 April 2024
Earliest possible 1st LSP point  01 May 2024
First date LSP (penalty) could be applied  30 April 2025
First payment due date to which LPPs apply  30 April 2024
First date LPP could be applied  31 May 2024
First payment due date to which late payment interest applies  30 April 2024
First date late payment interest charge could be applied from  01 May 2024

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

Filing frequency Annual (April start)
Return from to  01 April 2023 to  31 March 2024
First submission due date to which LSPs apply  31 May 2024
Earliest possible 1st LSP point  01 June 2024
First date LSP (penalty) could be applied  29 May 2025
First payment due date to which LPPs apply  31 May 2024
First date LPP could be applied  01 July 2024
First payment due date to which late payment interest applies  31 May 2024
First date late payment interest charge could be applied from  01 June 2024

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

 

Filing frequency Annual (May start)
Return from to  01 May 2023 to 30 April 2024
First submission due date to which LSPs apply  28 June 2024
Earliest possible 1st LSP point  29 June 2024
First date LSP (penalty) could be applied  30 June 2025
First payment due date to which LPPs apply  28 June 2024
First date LPP could be applied  29 July 2024
First payment due date to which late payment interest applies  28 June 2024
First date late payment interest charge could be applied from  29 June 2024

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.For more information: see VAT: Penalties 

 

Filing frequency Annual (June start)
Return from to  01 June 2023 to  31 May 2024
First submission due date to which LSPs apply  31 July 2024
Earliest possible 1st LSP point  01 August 2024
First date LSP (penalty) could be applied  31 July 2025
First payment due date to which LPPs apply  31 July 2024
First date LPP could be applied  31 August 2024
First payment due date to which late payment interest applies  31 July 2024
First date late payment interest charge could be applied from  01 August 2024

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

 

Filing frequency Annual (July start)
Return from to  1 July 2023 to  30 June 2024
First submission due date to which LSPs apply  30 August 2024
Earliest possible 1st LSP point  31 August 2024
First date LSP (penalty) could be applied  31 August 2025
First payment due date to which LPPs apply  30 August 2024
First date LPP could be applied  30 September 2024
First payment due date to which late payment interest applies  30 August 2024
First date late payment interest charge could be applied from  31 August 2024

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

Filing frequency Annual (August start)
Return from to   1 August 2023 to  31 July 2024
First submission due date to which LSPs apply  30 September 2024
Earliest possible 1st LSP point  1 October 2024
First date LSP (penalty) could be applied  30 September 2025
First payment due date to which LPPs apply  30 September 2024
First date LPP could be applied  31 October 2024
First payment due date to which late payment interest applies  30 September 2024
First date late payment interest charge could be applied from  1 October 2024

 

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

Filing frequency Annual (September start)
Return from to 1 September 2023 to  31 August 2024
First submission due date to which LSPs apply  31 October 2024
Earliest possible 1st LSP point  1 November 2024
First date LSP (penalty) could be applied  31 October 2025
First payment due date to which LPPs apply  31 October 2024
First date LPP could be applied  1 December 2024
First payment due date to which late payment interest applies  31 October 2024
First date late payment interest charge could be applied from 1 November 2024

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

 

Filing frequency Annual (October start)
Return from to   1 October 2023 to  30 September 2024
First submission due date to which LSPs apply  29 November 2024
Earliest possible 1st LSP point  30 November 2024
First date LSP (penalty) could be applied  30 November 2025
First payment due date to which LPPs apply  29 November 2024
First date LPP could be applied  30 December 2024
First payment due date to which late payment interest applies  29 November 2024
First date late payment interest charge could be applied from  30 November 2024

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

 

Filing frequency Annual (November start)
Return from to   1 November 2023 to  31 October 2024
First submission due date to which LSPs apply  31 December 2024
Earliest possible 1st LSP point  1 January 2025
First date LSP (penalty) could be applied  31 December 2025
First payment due date to which LPPs apply  31 December 2024
First date LPP could be applied  31 January 2025
First payment due date to which late payment interest applies  31 December 2024
First date late payment interest charge could be applied from  1 January 2025

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

Filing frequency Annual (December start)
Return from to   1 December 2024 to 30 Novermber 2024
First submission due date to which LSPs apply  31 January 2025
Earliest possible 1st LSP point 1 February 2025
First date LSP (penalty) could be applied  29 January 2025
First payment due date to which LPPs apply  31 January 2025
First date LPP could be applied  3 March 2025
First payment due date to which late payment interest applies  31 January 2025
First date late payment interest charge could be applied from  1 February 2025

 

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

Filing frequency Non-standard tax periods
Return from  First accounting period starting on or after 1 January 2023
Return ends Varies, depending on period length
First submission due date to which LSPs apply One month and 7 days after end of period
Earliest possible 1st LSP point One month and 8 days after end of period
First date LSP (penalty) could be applied Varies, depending on period length
First payment due date to which LPPs apply One month and 7 days after end of period
First date LPP could be applied 31 days after payment due date
First payment due date to which late payment interest applies One month and 7 days after end of period
First date late payment interest charge could be applied from One month and 8 days after end of period

 

 

This table is for illustrative purposes and traders should check their VAT return or VAT online account
for definitive information about when they are required to submit and pay by.
Accounting Periods which straddle 01 January 2023 will be subject to the current, default surcharge,
regime.

For more information: see VAT: Penalties 

 

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