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Introduction

Introduction to Beyond the Numbers

VAT surcharges

When HMRC might apply a surcharge and how much that may be.

If you don’t file your VAT return or pay your VAT bill by the deadline HMRC will consider you in default.

Once you have defaulted you may enter into a 12 month surcharge period. If you default again during this time, the default period will be extended for a further 12 months and you may have to pay an extra amount, or surcharge, on top of the VAT you pay.

The surcharge will be a percentage of the amount that is due on the VAT return and the percentage will increase every time you are late in filing a return or making a payment.

Paying a default surcharge is an extra burden to your business and can come at a time when you can least afford it.

In order to avoid such a cost to your business, why not let us take care of your VAT returns for you? We can also help you with managing your cash flow and choosing the right VAT scheme (See VAT Schemes) to make paying your VAT as easy as possible.

If you would like help on this or any other matter please get in touch.

  • I work with Val and beyond the Numbers, because they are exactly that..more than just the numbers. They work hard to understand my business, understand the business needs that are unique to me. They then shape the support and service around those needs.

    What I particularly like is that they are up for doing all sorts of support, from basic book-keeping, through to strategic challenge and insight. Trusted partners.

    Martin Ewart, Bigwheel Leadership Ltd

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