Taxes Management Act 1970 section 50

Procedure

Section 50 sets out the powers of the tax tribunal when hearing an appeal against a tax assessment, partnership statement, or closure notice decision, including its ability to increase or reduce amounts and the finality of its decisions.

• Where the tribunal finds a taxpayer has been overcharged, the assessment or partnership statement amounts must be reduced; otherwise the original figures stand
• Where the tribunal finds a taxpayer has been undercharged, the assessment or partnership statement amounts must be increased accordingly
• Where a claim or election in a closure notice should have been allowed or disallowed to a different extent, the tribunal may adjust it as appropriate
• The tribunal's decision is final and conclusive, subject to rights of appeal under the Tribunals, Courts and Enforcement Act 2007 and other statutory provisions