Do you pay annual vat by monthly dd? Do you leave over 20% of the year’s vat still to pay at filing time?
A fine equal to 6 months interest awaits you.
Another reason for self employed business owners to get accounting moved over to my preferred program, Quickbooks Online or something similar.
Self Employed is One Step from Unemployed
It’s fair enough though. If one business keeps their affairs up to date, why should the competitors survive if they aren’t playing by the rules.