Section 83FB | Effect of conclusions of review: penalties under Schedule 24 to FA 2021 ^F1F2

(1)If the conclusions of a review include conclusions reached by virtue of section 83FA and the conclusions of the review are final, sub-paragraphs (4) and (5) of paragraph 24 of Schedule 24 to the Finance Act 2021 apply but with the following modifications—

(a)references to the appeal under paragraph 22(b) of that Schedule are to be read as references to the review required to be undertaken under section 83C or 83E (as the case may be),

(b)references to the tribunal are to be read as references to HMRC, and

(c)references to cancelling a decision are to be read as references to concluding that HMRC's decision is to be cancelled.

(2)For the purposes of subsection (1) the conclusions of a review are to be treated as final only if the period specified in subsection (3)(b), (4)(b) or (5) of section 83G for appealing the reviewed decision has ended and no appeal has been made within that period.