VATupdate

End of the 90 day rule for notifying VAT options to tax

The temporary relaxation that was introduced by HMRC in response to COVID, extending the time limit for notifying HMRC of VAT options to tax property interests from 30 days to 90 days, ended on 31July. From 1 August, for an option to be valid, notification must be made within 30 days of the decision to opt.

Source: centurionvat.com

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