Notification of uncertain tax treatment for large businesses
This tax information and impact note sets out a new requirement for large businesses to notify HMRC when they take a tax position in their returns for VAT, Corporation Tax, or Income Tax (including PAYE) that is uncertain.
Documents
Details
This measure introduces a new requirement for large businesses to notify HMRC when they take a tax position in their returns for VAT, Corporation Tax, or Income Tax (including PAYE) that is uncertain. Uncertain amounts are defined by reference to 2 criteria: that a provision has been made in the accounts for the uncertainty, or that the position taken by the business is contrary to HMRC바카라 사이트™s known interpretation (as stated in the public domain or in dealings with HMRC).
HMRC published an evaluation plan of the uncertain tax treatment policy in December 2022.