VAT: changes to notification process

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VAT: changes to the notification process for opting to tax land and buildings

HMRC have further amended their guidance on the option to tax land and buildings. It is important to note that from the 1 February 2023 no acknowledgement letter will be issued by HMRC.

Instead, they are now asking that traders include the following details in the subject line of their email when submitting the option to tax:

– property address, including postcode
– effective date of the option to tax notification

The automated response will have the date when the notification was received by HMRC which you should keep for your records.

A notification sent any other way than by email, will not get an acknowledgement or receipt. HMRC will respond however if they need more information.

(Options notified to HMRC before this date, will get a standard option to tax notification receipt.)

If you would like to discuss these changes with one of our experts, please call either our Leicester office on 0116 254 9262, or our Loughborough office on 01509 263500. Alternatively, our contact form is here.