HMRC have now announced that the temporary change allowing up to 90 days to notify a decision to opt to tax has now ended. From 1 August, for an option to be valid the notification must normally be made within 30 days of the decision to opt.
The change allowing options to be notified using electronic signatures has been made permanent subject to the relevant conditions which includes supporting evidence that the signature is from a person authorised to make the option on behalf of the business.
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