Option to tax notification period extended

HMRC has further extended the period during which a taxpayer has 90 days to notify an option to tax – instead of 30 days – for decisions to opt made between 15 February 2020 and 31 October 2020. 

During this period, taxpayers can email notifications to optiontotaxnationalunit@hmrc.gov.uk.

The extension originally applied to decisions to opt made between 15 February and 31 May but was later extended to 30 June.