Company has a vat period to fit in with monthly accounts ie last Saturday of month. VAT period to 24 November.
Due date shown on VAT return for above is 24 December. However HMRC have said due date would still be 31 December and if pay electronically can have further 7 days (not on POA)
This appears to be in line with reg 25(1) of VAT regs 1995 where it mentions making a return ' not later than the last day of the month next following the end of the period'
I would appreciate any views on this.
Keith Fox
Related resources
Replies (2)
Please login or register to join the discussion.
Update re HMRC advice
HMRC now given advice in writing and differs to telephone advice. The due date is one month from end of period as shown on vat return and not as in this case 31 December (per helpline). Extra 7 days for paying electronically.
HMRC can change date by which Return required to be made
reg 25(1)(c ) appears to indicate that HMRC can vary the date by which the Return is required to be made. I would want to have the variation in writing. Even then, assuming the Client is making a substantial payment, I would be inclined to avoid the risk of a large Surcharge
Les Howard