Policy paper

Interest harmonisation and sanctions for late payment

This measure deals with changes to the late payment penalty regime following consultation.

Documents

Draft legislation for penalties for failure to pay tax

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Draft legislation for VAT - repayment interest

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Explanatory note for penalties for failure to pay tax

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Explanatory note for VAT - repayment interest

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Details

The measure proposes two changes, to the way that interest is charged and repaid for VAT and another to penalties for late payment.

A consultation with a summary of responses about Making Tax Digital: interest harmonisation and sanctions for late payment is also available.

Published 6 July 2018