Vat surcharge

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    pavanpavanmehta
    Participant

    Hello,
    If vat r for return submit late for second third time,and It is refund,should defaulter
    liable to surcharge?
    Can you please help me?


    Profile photo of Tax Tutor
    Tax Tutor
    Keymaster

    Hi Pavanpavanmehta, hope I have understood the question – if a return is submitted late and this is for the second or third time within the default period then the default period is again extended. If however a refund is due then there is no late payment of VAT so there is no default surcharge to pay. This is a very unlikely scenario and I would recommend that you focus your attention on more core subject areas at this point in your revision, Good luck in the exam

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