HMRC procedural changes for progressing option to tax notifications

An overview by Alvarez & Marsal

HMRC has issued Revenue and Customs Brief 1 (2023) following its recent consultation on the option to tax process. From 1 February 2023, HMRC will not:

1. Perform extensive validity checks on options to tax;
2. Provide any form of written acknowledgment letters;
3. Provide any letters of receipt;
4. Check and provide copies of previous options to tax made, except in limited circumstances.

Source Taxand