There are currently no known outstanding effects for the Finance Act 2001, Section 40E.
(1)This section applies if—
(a)HMRC have offered a review of a decision under section 40A and P does not accept the offer within the time allowed under section 40C(1)(b) or 40D(3); or
(b)a person who requires a review under section 40B does not notify HMRC within the time allowed under that section or section 40D(3).
(2)HMRC must review the decision under section 40C if—
(a)after the time allowed, P, or the other person, notifies HMRC in writing requesting a review out of time,
(b)HMRC are satisfied that P, or the other person, had a reasonable excuse for not accepting the offer or requiring review within the time allowed, and
(c)HMRC are satisfied that P, or the other person, made the request without unreasonable delay after the excuse had ceased to apply.
(3)HMRC shall not review a decision if P, or another person, has appealed to the appeal tribunal under section 40G in respect of the decision.]
Textual Amendments
F1Ss. 40A-40G inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 304 (with Sch. 3 paras. 2-4)
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