I've overpaid HMRC for VAT. I have assigned the payment to the return and the balance is showing (-£5,436) on the return screen. How do I allocate this to another return? Everything you need to know about banking in QuickBooks Online -Discover more...
If you don’t pay owed tax on time, you’re likely to receive a penalty from HMRC. Now, the old penalty system is set to be swapped for a new one.
Poppy submitted her VAT return and payment for the quarter ended 31 March 2011 late. HMRC issued a surcharge liability notice. She was late in submitting the returns for the quarters ended 30 June 2011 and 30 September 2011 and was also late paying the VAT due for the quarter ended 30 ...