# Finance Act 2020, Paragraph 40


(1) If HMRC give notice of the conclusions of a review (see paragraph 39)—
(a) the conclusions are to be treated as if they were contained in a settlement agreement (see paragraph 44(1)), but
(b) paragraph 44(3) (withdrawal from agreement) does not apply in relation to that notional agreement.
(2) Sub-paragraph (1) does not apply to the matter in question if, or to the extent that, the appellant notifies the appeal to the tribunal (see paragraphs 41 and 42).

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Source: https://www.legislation.gov.uk/ukpga/2020/14/schedule/8/paragraph/40 (the official version)
Page: https://openlegislation.uk/finance-act-2020/schedule-8/paragraph-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.