VATGPB4560 | Section 33 bodies: calculations: impact of changes during tax year

Some section 33 bodies may have reservations about agreeing the principle of their recovery method at the start of the year. Their concern being that unforeseen circumstances could cause the body to breach the insignificance test (see VATGPB4510). The staged agreement of the method explained at VATGPB4550 should provide sufficient flexibility to prevent this. However, where the insignificance test is breached any request to use an alternative method to that agreed may be considered sympathetically so long as it is fair and reasonable.