Who is likely to be affected
The measure will affect large businesses with either:
- a turnover of more than £200 million per annum
- a balance sheet total over £2 billion
It will particularly affect those large businesses that adopt uncertain tax positions and do not have an open and transparent relationship with HMRC, such that these issues can be discussed and resolved early.
Source gov.uk
Latest Posts in "United Kingdom"
- UK VAT Briefing: Key Updates and Developments (July – August 2025)
- Overview of UK VAT Late Payment Penalties
- Lancer Scott Ltd v HMRC: VAT Assessment, Penalties, and Time Limit Dispute Dismissed by Tribunal
- Raising VAT Rates: A Solution for Budget Deficit and Economic Growth
- Webb v HMRC: VAT Input Tax Disallowance, Exempt Supplies, No Business Activity, Appeal Dismissed
