Businesses will soon be required to notify HMRC of certain changes affecting their business rates position under a new duty to notify requirement. The guidance clarifies which changes must be reported and outlines the reporting obligations traders will need to follow. This measure aims to improve compliance and ensure accurate business rates assessments across the UK. The specific implementation date and detailed reporting procedures are set out in the official HMRC guidance.
Source: HMRC (GOV.UK) – Read the original