Tax Journal understands that, following a consultation with members of the Land & Property Liaison Group, HMRC has decided to proceed with changes to the administrative process for option to tax notifications. It is understood that HMRC had been consulting on the following and intends to implement the changes from 1 February 2023:
HMRC to stop issuing acknowledgement of receipt letters in response to notifications (with HMRC confirming that the automatically generated email response (where a notification is submitted via email) will constitute evidence of the date of notification); and
HMRC to 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.
Tax Journal understands that, following a consultation with members of the Land & Property Liaison Group, HMRC has decided to proceed with changes to the administrative process for option to tax notifications. It is understood that HMRC had been consulting on the following and intends to implement the changes from 1 February 2023:
HMRC to stop issuing acknowledgement of receipt letters in response to notifications (with HMRC confirming that the automatically generated email response (where a notification is submitted via email) will constitute evidence of the date of notification); and
HMRC to 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.
