Last month we let you know about a change to the process for Option to Tax and recommended that forms were sent via email so you received an automated email as proof of submission.
Unfortunately some of the time HMRC’s system is failing to send the automated email confirming receipt of an OTT notification.
As you need their confirmation of receipt for your records, it’s unclear how HMRC will send out confirmation to those for whom the new system hasn’t worked.
While HMRC work to resolve this issue, it is recommended that you copy in other parties such as the counterparty, advisers and colleagues. This way others can vouch for the completion of the notification if necessary.
HMRC have most recently said that, if you haven’t received the confirmation of receipt email, they advise that you send notification again including the date you originally sent notification. It seems that HMRC are manually checking receipt of these and will manually email a confirmation when necessary.
Please let us know if you have sent a notification of Option to Tax and still experience issues as we can feed that back to them via the VAT Practitioners’ Group.
New Advisory Fuel Rates
HMRC have published the advisory fuel rates for company cars. These apply from 1st March 2023 onwards.