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N A U T I C la U O T A T I O N SS E L E C T E D BYC A P T A I NP E T E R W. D A M I S CH First American Sailing Association Instructor Evaluator & International Yacht master Training Examiner in the
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N A U T stands for Notional Annual Untaxed Turnover.
Businesses with an annual turnover exceeding a certain threshold are required to file N A U T.
N A U T can be filled out online through the designated government portal.
N A U T is used to calculate the tax liability of businesses based on their annual turnover.
Information such as total annual turnover, sales revenue, and relevant expenses must be reported on N A U T.
The deadline to file N A U T in 2023 is usually March 31st.
The penalty for late filing of N A U T can vary but typically includes a fine based on the number of days past the deadline.
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