Section 49F — Taxes Management Act 1970: Effect of conclusions of review

Effect of conclusions of review 49F 1 This section applies if HMRC give notice of the conclusions of a review (see section 49E(6) and (9)).

2 The conclusions are to be treated as if they were an agreement in writing under section 54(1) for the settlement of the matter in question.

3 The appellant may not give notice under section 54(2) (desire to repudiate or resile from agreement) in a case where subsection (2) applies.

4 Subsection (2) does not apply to the matter in question if, or to the extent that, the appellant notifies the appeal to the tribunal under section 49G.