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Trouble ahead
Key points
- From 1 February 2023 HMRC will only send an auto-response confirming receipt of an option to tax notification.
- The notification email should include the property address and postcode in the subject line as well as the date that the election will take effect.
- Problems may arise if clients send the email with incorrect information.
- HMRC advises taxpayers to keep a copy of the auto response along with the original email submission.
The legendary football manager Brian Clough once commented after an important match: ‘We had a good team on paper. Unfortunately the game was played on grass.’ To revamp his eloquent words into the theme of this article: ‘Tax law and policy is written on paper. Unfortunately the results depend on our clients’ behaviour.’
The common theme of both quotes is that some issues can be good in theory but produce problems in practice. For...
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