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HMRC internal manual

Investment Funds Manual

Offshore Funds: Reporting Funds: breaches of reporting fund conditions: consequences of breaches: appeals against exclusion from reporting fund regime

Regulation 115 of SI 2009/3001

If HMRC issue an exclusion notice to a reporting fund under regulation 114 (see IFM12734), the fund can appeal against that notice to the First-tier Tribunal within a period of 42 days, beginning with the day on which the exclusion notice is given.

The Tribunal may either uphold or quash the notice.