V3.462A Special method override

V3.462A Special method override

Introduction

The special method override was introduced with effect from 1 January 20041. HMRC considered that it was required because the negotiation of a new partial exemption special method, for example as a result of a change in business circumstances, may take some time. In the intervening period, either HMRC or the taxpayer could be disadvantaged by the continuing use of an outdated method2.

Application

The special method override applies where the taxpayer uses a special method in accordance with SI 1995/2518 reg 102 (see V3.462), and that method does not fairly and reasonably represent the extent

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