Recent changes for option to tax notification and valuation rules

HMRC will only acknowledge online notifications, according to Revenue and Customs Brief 01/23.
Postal submissions will no longer receive acknowledgement. Management services are a popular topic on the website, with valuation being a key aspect.
HMRC is vigilant about value shifting and will issue assessments if they believe VAT has been undercharged or overclaimed.
Changes have been made to VAT Notice 700, providing additional guidance on their approach to the subject.
It is important to be aware of this when considering transactions with associated businesses.