10% of the VAT due or a fixed penalty of €150 if there was no VAT due
10% of the VAT due or a fixed penalty of €150 if there was no VAT due. This penalty should be added to the late filing penalties.
These penalties are increased to 40% of the VAT due when the error is found by the tax authorities.
Normally, no penalties for late registration. Penalties are charged as part of the regularization of the VAT returns.
If an intra-Community acquisition or any other purchase under the reverse charge mechanism is missed, there is a penalty of 10% of the VAT amount on this intra-Community acquisition. However, there is an administrative tolerance that waives the penalty when the taxpayer has voluntarily corrected the error before any notice from the authorities.
Additional penalties may be charged by the authorities, particularly where the corrections are triggered by an investigation or VAT audit.
For penalties on DEB/Intrastat and other returns, please see the relevant section.