F1PART 4BTAX ELECTED FUNDS
Annotations:
Amendments (Textual)
CHAPTER 7LEAVING THE TAX ELECTED FUNDS REGIME
Appeal against termination notice69Z72
1
An authorised investment fund to which a termination notice is given may appeal.
2
The notice of appeal must be given to HM Revenue and Customs within a period of 28 days beginning with the day on which the termination notice is given.
3
On an appeal that is notified to the tribunal, the tribunal shall determine whether it was just and reasonable for HM Revenue and Customs to give the termination notice.
4
If they decide that it was, they must confirm the notice.
5
If they decide that it was not, they must set aside the notice.
Pt. 4B inserted (1.9.2009) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 24