Ch192200 - penalty reform - penalties for failing to file vat returns by the due date for periods from 1 january 2023: expiry of penalty points: expiry of individual penalty points - hmrc internal manual
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CH192200 - PENALTY REFORM - PENALTIES FOR FAILING TO FILE VAT RETURNS BY THE DUE DATE FOR PERIODS FROM 1 JANUARY 2023: EXPIRY OF PENALTY POINTS: EXPIRY OF INDIVIDUAL PENALTY POINTS NB:
“These rules currently only apply to VAT for VAT periods starting on or after 1 January 2023. These rules will come into force for other tax regimes at a future date. You must check the date
from which these rules apply for the tax or duty you are dealing with” A penalty point expires at the end of the relevant period, unless immediately before the end of that period the person
has the maximum number of points. The relevant period is 24 months and begins on the first day of the month after the end of the month in which the failure(s), in respect of which the
penalty point was awarded, occurred. The failure is treated as occurring on the day after the submission due date. For example, as long as the person is not at the maximum number of penalty
points: * a penalty point for a return due by 7 April 2024, but not submitted by that date, will expire on 30 April 2026. * a penalty point for a return due by 31 March 2024 will expire on
30 April 2026. FA2021 SCH24 para 7 Next page Print this page