Regulation 69Z53 Appeal against refusal noticeF1
United Kingdom
A person to whom a refusal notice is given may appeal.
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 refusal notice is given.
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 refusal notice.
If the tribunal allow the appeal—
they may direct that this Part shall apply to the authorised investment fund (or, as the case may be, to the proposed authorised investment fund), and
they may specify the date from which this Part shall so apply.
The date mentioned in paragraph (4)(b)—
must not be earlier than the beginning of the specified accounting period if an existing fund application has been made, and
must not be earlier than the date of authorisation by the F2appropriate regulator if a future fund application has been made.
Annotations
Textual amendments
- F1
Pt. 4B inserted (1.9.2009) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2009 (S.I. 2009/2036), regs. 1, 24
- F2
Words in reg. 69Z53(5)(b) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 115(b)