Commentary

BB/16B/03 VAT: option to tax land and property—change of office address for notification of an option

Part V16 Forms and other HMRC material

BB/16B/03 VAT: option to tax land and property—change of office address for notification of an option

BB/16B/03 VAT: option to tax land and property—change of office address for notification of an option

Business Brief, Issue 16. 19 August 2003

Supplies of land and buildings are normally exempt from VAT. However, businesses can opt to tax these supplies. Once the decision to opt has been taken, Customs & Excise must be notified in writing within 30 days for the option to be valid.

Following an internal review of VAT procedures, the work of processing notifications of options to tax is being transferred from local offices to a centralised Option To Tax Unit. The unit will deal with all notifications

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