HMRC has an open consultation running at the moment on their plans for a new disclosure regime for larger businesses. The intention is for the regime to come into force from the 1 April 2022 and is there to encourage dialogue around tax areas where HMRC’s known position on the treatment would suggest some “uncertainity”. There’s a lot of detail in the draft guidance to consider for those drawn into this area and the link is here to have a read through.
Source: centurionvat.com
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