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VAT1614F Opting to Tax Land and Buildings New Buildings ? Exclusion from an Option to Tax Use This Form to Opt to Tax Land and B

VAT1614F Opting to Tax Land and Buildings New Buildings ? Exclusion from an Option to Tax Use This Form to Opt to Tax Land and B

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Video instructions and help with filling out and completing VAT1614F Opting To Tax Land And Buildings New Buildings ? Exclusion From An Option To Tax Use This Form To Opt To Tax Land And Buildings For New Buildings That Are Excluded From An Option To Tax Hmrc Gov

Find a suitable template on the Internet. Read all the field labels carefully. Start filling out the blanks according to the instructions:

Instructions and help about VAT1614F Opting To Tax Land And Buildings New Buildings ? Exclusion From An Option To Tax Use This Form To Opt To Tax Land And Buildings For New Buildings That Are Excluded From An Option To Tax Hmrc Gov

[Music] foreign [Music] K our lead vat writer to talk about recent changes hmrc have introduced at the option to tax National unit so Sarah first question what is the option to tax thank you Amanda very briefly the normal rule is that the sale or lease of a commercial property is exempt from v80 if the person selling or leasing the property opt to tax the sale or lease becomes subject to vat which enables the operator to recover input vat they've incurred on their costs so that does sound a bit complicated so how do people opt to tax their property it is quite complicated but it's very straightforward in practice the opta completes a very simple form and sends it to the option to tax National unit so what has changed at the options attacks unit well until the 31st of January this year hmrc would reply to all option to tax notifications with a formal letter confirming that the option to tax have taken effect from first of February this year hmrc will no longer be sending

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