What penalty has to pay if business customer doesn’t return VAT in due time?

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    • February 27, 2023 at 10:11 pm
    Kallis Roy
    Ultimate
    CA

    What penalty has to pay if business customer doesn’t return VAT in due time?

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      • March 1, 2023 at 3:35 pm
      Jason
      Enhanced
      none

      If the business customer won’t return the VAT in the due time so the penalty amount can range from 2% to 15% of the VAT owed, depending on the length of the delay and the amount of VAT owed.

      • March 27, 2023 at 12:51 pm
      Robert John
      Beginner
      US

      When VAT is not paid by the deadline, this penalty is assessed. Depending on the country, the fine may be different, but it often represents a portion of the debt.

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