01/06/2020
Option to tax on land and buildings
HMRC have extended the time limit from the date the decision to opt was made. This now applies to decisions made between 15 February and 30 June 2020.
The form that this is notified on is VAT1614A.
A decision to opt to tax land and buildings, normally requires notification within 30 days by either:
• printing and sending HMRC the notification, signed by an authorised person within the business
• emailing a scanned copy of the signed notification
Social distancing in response to coronavirus has made these rules challenging to follow.
HMRC have temporarily changed the rules to help businesses and agents to 90 days from the date the decision to opt was made.
For further information on Options to Tax, please contact Alan Rolfe on 023 8046 1235.
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