RCB/28/08 VAT—land and buildings

Part V16 Forms and other HMRC material

RCB/28/08 VAT—land and buildings

RCB/28/08 VAT—land and buildings

Revenue & Customs Brief, Issue 28. 30 May 2008

This brief announces a new revised Notice 742A “Opting to tax land and buildings” (Part V8) and the publication of a number of new forms and certificates.


1. Following consultation, a new VATA 1994, Sch 10 (which deals with the option to tax of land and buildings), comes into effect on 1 June 2008. In addition to being re-written in a more simplified style to improve the understanding of the legislation, the new Schedule 10 also introduces the right for businesses to revoke an option to tax. This includes necessary changes to facilitate revocation and a few minor additional changes requested by business.

What is being published?

2. On 1 June 2008, we are publishing on our website a new revised Notice 742A.

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