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Into Override

Chris Reece summarises the VAT decisions of the new First-tier Tribunal. Please note that the decision numbers are no longer sequential.
Special method override
The taxpayer issued a special method override notice and argued that the reasons given when issuing the notice should govern how the taxpayer would in future calculate its input tax recovery.
HMRC argued successfully that the reasons were relevant only to the extent of allowing HMRC to decide whether or not to accept the notice.
VAT Regulations 1995 (SI 1995/2518) Reg 102C reads:
'(1)     Subject to Reg 102A where a taxable person
'(a)     is for the time being using...

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