Late filing carries a penalty of 10% of the VAT due or a fixed penalty of €150 if no VAT is obliged to pay.

Late payment carries a penalty of 5% of the VAT due plus 0.2% per month of late interest or a fixed penalty of €150 if no VAT is obliged to pay. This penalty should be in addition to the penalties for late filing. When the tax authorities discover the error, the penalty is increased to 40% of the VAT due.

Late registration carries no penalties in most cases. Penalties are imposed as part of the process of regularising VAT returns.