HMRC Guidance: Opting to tax land and buildings (VAT Notice 742A)

Update March 8: Section 4 has been updated to show that HMRC no longer sends an acknowledgement letter when you notify of your option to tax. The list of authorised signatories in section 7 has been updated.

What happens when you opt to tax (charge VAT on) land and buildings, when you need permission and when to notify HMRC about your decision.