It happens to the best entrepreneur: you forget a VAT return or you're late. That can have unpleasant consequences, such as a penalty. But panic isn't necessary if you act quickly. This article explains what happens and what's best to do.
What happens if you're late?
If you file your VAT return late or pay late, the tax authorities can impose a default penalty. For a first time it's often still limited, but with repetition the penalty rises. In addition, tax interest can be charged over the amount you pay late.
What should you do if you're late?
File your return as soon as possible and pay the amount due. The faster you put it right, the lower any interest. Don't wait, because the problem won't solve itself and only gets more expensive the longer you wait.
How do you prevent this?
Put the deadlines of your VAT return in your calendar with a reminder well in advance. Use bookkeeping software that warns you and prepares the return. Set aside the received VAT separately, so you can always pay the amount. This way you prevent penalties and stress.
This article provides general information based on the rules known for 2026 and does not replace personal tax advice. For your specific situation, we're happy to take a look with you.
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