PART 3REPORTING FUNDS AND THE TREATMENT OF PARTICIPANTS IN REPORTING FUNDS
CHAPTER 2ENTRY INTO THE REPORTING FUND REGIME
Procedure on applications
Appeal against rejection of application56
1
If HMRC reject an application, the person who made the application may appeal.
2
The notice of appeal must be given to HMRC within a period of 42 days beginning with the day on which the notice rejecting the application is given.
3
On an appeal, the tribunal may uphold or quash the rejection of the application.
4
If the tribunal quashes the rejection of the application, this Part applies as if HMRC had accepted the application in the form in which it was considered by the tribunal.