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Fine for late registation of a 0% vat business?
Poshsalt
Posts: 132 Forumite
Hi,
I've been mad busy and relized if my turnover is £85k+ I need to register for VAT, the business is classed as a ZR 0%.
So I wondered if I was late to register, what could the fine be even if i'm ment to pay 0%?
I'm late maybe by 3 weeks.
Regards
0
Comments
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There is no such thing as a 0% business only 0% products/services.
You have 30 days to register from when you went over the £85k VAT registration: When to register - GOV.UK (www.gov.uk)
If you are selling exclusively 0% rated items/services why didnt you do voluntary registration before?0
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