VAT clock ticks again for businesses

If the Decision is to not levy any administrative penalties until April 30, then even late return filing may also benefit and may not be subject to penalty. However, we would urge all who are registered to follow their prescribed tax period and file return in time as stipulated.

Nirav Shah, Director at FAME Advisory

About the author

FAME is a leading Accountancy training provider. FAME brings together under one roof a wide range of accounting courses blended with real world experience and practical application. FAME aims to bridge the gap between theoretical knowledge and practical challenges that accountants face in their day to day working. We provide practical workplace skills for finance staff meeting the needs of employers, bankers, government and learners, both now and in the future. Our students are integral to the success of an organisation and at the heart of ensuring the smooth running of an accounting department.