HMRC issue new opt to tax notice

HMRC have issued a revised Notice 742A – Opting to tax land and buildings (June 2013), which explains the effect of an option to tax and helps suppliers of any interest in land, buildings or civil engineering works decide whether to exercise that option. The notice has been updated to amend minor grammatical and formatting errors in the previous edition. This notice cancels and replaces the June 2010 version report Harris & Co accountants Northampton who specialise in providing innovative accountancy services to ambitious small and medium sized businesses.