949V Settlement of appeal by agreement

Summary

The parties may settle the appeal by way of agreement. In such circumstances, an appeal is treated as having been withdrawn. An agreement must be made in writing.

A period of 21 days is subsequently allowed to the parties to reflect on the agreement and repudiate the agreement if so desired by a party.

Details

(1) An “agreement” means an agreement by way of settlement of the matter under appeal.

(2) An appeal is treated as withdrawn where the parties come to an agreement with each other before a hearing is held.

(3) An agreement must be made in writing. A period of 21 days is subsequently allowed to the parties to reflect on the agreement and repudiate the agreement if so desired by a party.

(4) Where an agreement is made, Revenue shall give effect to the agreement (for example, by amending an assessment to reflect the agreed tax liability) and notify the Appeal Commissioners that the agreement has been reached.

Relevant Date: Finance Act 2021