Commentary

V16.422 Large business notification

Part V16 Forms and other HMRC material

V16.422 Large business notification

V16.422 Large business notification

From April 2021 large businesses will be required to notify HMRC when they take a tax position which HMRC is likely to challenge. This policy will draw on international accounting standards which many large businesses already follow. The Government will consult shortly on the detail of the notification process.

Main narrative treatment—V5.220.

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