I need help with the above-mentioned.
1) What is the percentage for the Penalty? I assume it's 9.5%, but my missus says 10...
2) What is the rate of Interest to be used?
3) Also, how do I calculate the Interest for late returns?
My employer's got VAT201 returns for the periods 200812 to 201012 that needs to be completed and submitted before re-activation of tax number (13 returns in total).