What will change from 1 February 2023
Put simply HMRC will stop issuing a formal “Option to Tax Notification Receipt” letter from this date. The responsibility is on the taxpayer to prove they have made a valid notification of an option to tax – the notification is the requirement, not proof of HMRC’s acceptance.
From the 1st Feb 2023 on notifying an option to the Option to Tax Unit at HMRC, an automated response will be issued and should be kept in your records. This will confirm the date of the notification and will evidence that it was made in the correct timescale. Unless you email the notification to HMRC’S option to tax unit you will not receive any form of acknowledgment of receipt. The email address to use is [email protected]
Source Centurion
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