Taxes Consolidation Act 1997 section 949V

Settlement of appeal by agreement

Section 949V provides that where the parties to a tax appeal reach agreement before the hearing takes place, the appeal is treated as withdrawn, and sets out the rules governing such agreements.

• If the taxpayer and Revenue settle the matter under appeal before the hearing, the appeal is treated as having been withdrawn.
• The agreement should be in writing, but an oral agreement may stand if one party confirms it in writing and the other does not repudiate it within 21 days.
• A party who wishes to withdraw from an oral agreement confirmed in writing must give written notice to the other party within 21 days of receiving the confirmation.
• Once an agreement is reached, Revenue must give effect to it and notify the Appeal Commissioners that the appeal has been settled.