Price the missed notice before you exchange

Prices what a missed VAT1614A notification costs when the TOGC fails: 20% VAT, the SDLT charged on that VAT, and the months you fund it.

Agreed price, VAT-exclusive GBP Date the buyer decided to opt to tax Completion (the relevant date) Buyer's option to tax Seller given the Article 5(2B) notice by the relevant date VAT rate % Share of input VAT the buyer can recover % Months until the VAT is repaid months Cost of funding the VAT %/yr

Verdict	—
Notify HMRC by	—
Days from decision to that deadline	—	days
VAT chargeable on the price	—	GBP
SDLT on the consideration actually paid	—	GBP
Extra SDLT caused by the VAT (never recoverable)	—	GBP
VAT that never comes back	—	GBP
Cost of funding the VAT until repayment	—	GBP
Total cost of the missed notice	—	GBP

Notification deadline
Takes the earlier of 30 days from the buyer's decision and the relevant date (completion), so one date is left on screen instead of two half-remembered rules.

TOGC holds or fails
Checks the two things that actually break a TOGC on opted land: the buyer's option notified to HMRC by the relevant date, and the Article 5(2B) notice given to the seller.

SDLT charged on the VAT
Runs the non-residential bands (0% / 2% / 5%) twice - on the price and on the VAT-inclusive consideration - so the permanent SDLT uplift is visible, not assumed away.

Irrecoverable VAT
Applies the buyer's recovery percentage, so a partly exempt buyer sees the share of the VAT that never comes back.

Cost of funding the VAT
Charges the recoverable VAT at the buyer's borrowing rate for the months until the repayment lands.

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