Traders who have failed to register for VAT are being given the chance to come forward. HM Revenue and Customs (HMRC) has said it will give reduced penalties to those who declare before 30 September.
Businesses must register with the tax authority if their taxable turnover for the previous 12 months is more than £73,000 or they think they will exceed the threshold in the next 30 days.
The move comes after a series of HMRC campaigns on income tax.
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