Business Terms and Jargon Explained

What is Late Registration Penalty

Tax Definition:-

A penalty HM Customs and Excise may impose when a business does not register for VAT on time, when the registration threshold is reached.

Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2006-11-28 15:11:18

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