Course Details

In this session, Lisa Sibbick & Chris Jennings cover the following:

  • Why we are introducing these new VAT penalties and interest rules.
  • An overview of Late Submission Penalties, and how penalties will be applied if returns are submitted late. 
  • How a VAT customer will be able to remove Late Submission Penalties from their VAT account
  • An overview of Late Payment Penalties and how these can be minimised if full payment cannot be made on time.
  • An introduction to Late Payment Interest and Repayment Interest, and the circumstance they can be applied.

CPD Course Speaker

HMRC

Lisa Sibbick

Lisa joined HMRC and the Making Tax Digital programme in April 2017 working initially on Internal Readiness for ITSA (Income Tax Self-Assessment) and later VAT. Since February 2021 she has worked in the External Engagement and Readiness team for Penalty Reform. Prior to joining HMRC, Lisa worked in DWP in various roles including External Partnership Manager and as a Contract Manager for European Social Fund.

HMRC

Chris Jennings

Chris joined HMRC’s Making Tax Digital programme in November 2020 and lead the internal and external customer readiness team for Penalty Reform. Chris started in HMRC (what was then Customs & Excise) in 1997 and have an indirect tax background, spending many years in various roles in the Customer Compliance Directorate.

Prior to joining Making Tax Digital I was working on preparing businesses for the EU Exit changes.