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New VAT Penalties 2022
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‘Overly Complex’ New UK VAT Penalties Revision to Hit UK Businesses Next Year
HMRC will enforce a new points-based penalty system for VAT and ITSA from 2022
The system aims to be ‘simple, fair and effective but could be ‘overly complex,’ the ICAEW warns
Soften the impact by getting to grips with the changes as soon as possible
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