The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of the Special Method Override Notice (‘Notice’) which was introduced with effect from 1 January 2004. This legislation allows HMRC or a taxpayer to impose an immediate override on the results of an unfair special method until a replacement method has been agreed.
The override only affects partly exempt businesses that use a partial exemption special method where HMRC has:
HMRC can serve a notice to a taxpayer that a special method override will apply in relation to:
SI 1995/2518, reg 102A(1)–(2)
For the effect of the Notice, see below under Effect of a Notice.
HMRC has stated that it will normally only serve a special override notice in the following circumstances:
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