Introduction and the law: the law on security: Insurance Premium Tax: registrable person’s right to a review
Under the provisions of section 59A of the Finance Act 1994 HMRC must offer a review of the decision to require security.
59A Offer of review
(1) HMRC must offer a person (P) a review of a decision that has been notified to P if an appeal lies under section 59 in respect of the decision.
(2) The offer of the review must be made by notice given to P at the same time as the decision is notified to P.
(3) This section does not apply to the notification of the conclusions of a review.
59C Review by HMRC
HMRC must review a decision if -
(a) they have offered a review of the decision under section 59A, and
(b) P notifies HMRC accepting the offer within 30 days from the date of the document containing the notification of the offer.