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Penalty for late payment of vat

Posted 1 February 2016

Karen says:
31 January 2016 at 14:33

What is the penalty for late payment of vat?

TaxTim says:
31 January 2016 at 22:49

10% of the amount outstanding.

Karen says:
1 February 2016 at 9:16

Thank You Tax Tim, this was most helpful!

TaxTim says:
1 February 2016 at 9:32

Only a pleasure!

This entry was posted in Tax Q&A and tagged Salary / IRP5, Penalties, Audit / Verification. Bookmark the permalink.

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