New Forest

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.

Latest Tweets

For children born from September 2020 the Government provided vouchers for a tax free account, which can be accessed once they reach the age of 18! More information is available here http://ow.ly/BkbV50BjQqt

The countdown is on! This Saturday, Director Michaela Johns will be taking to the sky strapped to the wing of a plane all in the name of @SolentMind. It's 3rd time lucky and we're so close to our fundraising goal. To donate, visit: https://bit.ly/2YY3AzQ

Let’s Talk

Why not arrange a FREE consultation and find out what we can do for your business.