Section 750 — Corporation Tax Act 2010: Appeals against counteraction notices

Appeals against counteraction notices 750 1 A company on which a counteraction notice has been served may appeal on the grounds that—

a section 733 (company liable to counteraction of corporation tax advantage) does not apply to the company in respect of the transaction or transactions in question, or b the adjustments directed to be made are inappropriate.

2 Such an appeal may be made only by giving notice to the Commissioners for Her Majesty's Revenue and Customs within 30 days of the service of the counteraction notice.

3 On an appeal under this section the tribunal may—

a affirm, vary or cancel the counteraction notice, or b affirm, vary or quash an assessment made in accordance with the notice.

4 But the bringing of an appeal under this section does not affect—

a the validity of the counteraction notice, or b the validity of any other thing done under or in accordance with section 746 (counteraction notices), pending the determination of the proceedings.