You should only complete this form if you want to opt to tax land and or buildings and need HMRC permission.
You’ll need our permission to opt if:
- you’ve made exempt supplies (such as the grant of a lease) of the land or buildings within the 10-year period ending with the date from which you want your option to be effective
- you do not meet any of the automatic permission conditions in paragraph 5.2 VAT Notice 742A: opting to tax land and buildings
Source gov.uk
Latest Posts in "United Kingdom"
- UK Internal Market Act Reforms Enhance Trade, Flexibility, and Collaboration Across Nations
- UK Unveils Post-Brexit Trade Strategy to Boost Exports and Protect Domestic Industries
- Tribunal Rules Separate Supplies in United Carpets Case, Rejects Legitimate Expectation Claim Against HMRC
- Deos Group Wins Appeal: FTT Overturns HMRC’s VAT Fraud Allegations Under Kittel Principle
- Understanding HMRC’s Updated VAT Penalty Regime: Key Changes and Implications for Businesses
