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HMRC internal manual

VAT Assessments and Error Correction

From
HM Revenue & Customs
Updated
, see all updates

General assessment procedures: Payment of assessments

Payment of an assessment must be made within 30 days of the date of issue of the Notice of Assessment or the trader will become liable to a further interest charge.

Traders should not be advised to presume that an assessment will be offset against a current or future repayment claim as the amount of such claims cannot be forecast.