Section 242 Determination by tribunal

United Kingdom

(1)

If a notice of objection is given under section 240(3), the amount mentioned in section 240(1) must be determined in the same way as an appeal.

(2)

All persons to whom provisional notices of determination have been given under section 240(2) may F1be a party to—

(a)

any proceedings under subsection (1), and

(b)

any appeal arising out of those proceedings.

(3)

Those persons are bound by the determination made in the proceedings or on appeal, whether or not they have taken part in the proceedings.

(4)

Their successors in title are bound in the same way.

Annotations

F1: Words in s. 242(2) substituted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 7 para. 24 (with Sch. 9 paras. 1-9, 22)

C1: Pt. 4 Ch. 4 applied by 2010 c. 8, s. 436(8) (as inserted (with effect in accordance with Sch. 5 para. 25(1)-(3) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 1 (with Sch. 5 paras. 27, 32-34))