Tax Journal understands that HMRC is consulting with members of its Land and Property Liaison Group on proposed changes to the processing of notifications of options to tax land and buildings.
Subject to further confirmation, it is understand that the proposed changes are as follows:
HMRC proposes to stop issuing acknowledgement of receipt letters in response to notifications. This effectively means taxpayers will have to notify by e-mail to have any record of receipt with HMRC confirming that the automatically generated e-mail receipt will constitute evidence of the date of notification.
HMRC will cease processing requests for confirmation of existing options to tax save for where the effective date of the option is likely over six years ago or the request is made by an appointed LPA receiver or insolvency practitioner who is administering the land in question.
Minutes from the Land and Property Liaison Group meetings are available via Gov.uk.
Tax Journal understands that HMRC is consulting with members of its Land and Property Liaison Group on proposed changes to the processing of notifications of options to tax land and buildings.
Subject to further confirmation, it is understand that the proposed changes are as follows:
HMRC proposes to stop issuing acknowledgement of receipt letters in response to notifications. This effectively means taxpayers will have to notify by e-mail to have any record of receipt with HMRC confirming that the automatically generated e-mail receipt will constitute evidence of the date of notification.
HMRC will cease processing requests for confirmation of existing options to tax save for where the effective date of the option is likely over six years ago or the request is made by an appointed LPA receiver or insolvency practitioner who is administering the land in question.
Minutes from the Land and Property Liaison Group meetings are available via Gov.uk.
