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Option to tax: notification period extension

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HMRC has updated its guidance Changes to notifying an option to tax land and buildings during coronavirus (Covid-19) to reflect the temporary extension to the time limit to notify a decision to opt to tax to 90 days from the date the decision to opt was made. This now applies to decisions made between 15 February and 30 June 2020 (rather than 31 May, as previously announced).

Issue: 1490
Categories: News