What happens if you don’t pay VAT?

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    David Ashan
    Beginner
    US

    What happens if you don’t pay VAT?

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      Linda
      Beginner
      US

      If you do not pay the VAT owed on your business activities, it can result in serious consequences. The specific penalties and consequences will depend on the laws of the country in which you are operating

      Jason
      Enhanced
      none

      Not paying VAT when it is due can result in serious consequences for businesses. Depending on the jurisdiction, the following may occur:

      1. Fines and penalties
      2. Interest charges
      3. Criminal prosecution
      4. Reputation damage
      5. Loss of credibility with suppliers and lenders

      Robert John
      Beginner
      US

      Businesses that are registered for VAT must include VAT to their sales invoices in order to be eligible for a VAT refund on any purchases they make. You must still pay the VAT on your purchases even if you are not registered for VAT because you are unable to claim it.

      In other case if you will not pay the VAT, you can face serious consequences from government.

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