HMRC have issued new guidance on how to “Notify HMRC of the specific nature of the land and property supplies you’re making using form VAT5L”.
The guidance tells taxpayers what documents they will need and how to complete the form.
Related content from HMRC includes guidance on:
- Buildings and construction (VAT Notice 708)
- Land and property (VAT Notice 742)
- Opting to tax land and buildings (VAT Notice 742A)