697Opposed notifications: determinations by tribunal
(1)This section applies if the officer of Revenue and Customs receiving a statutory declaration under section 696(1) sees reason to take further action about the transaction or transactions in question.
(2)The officer must send the tribunal appointed under section 704 a certificate to that effect, together with the statutory declaration.
(3)The officer may also send the tribunal a counter-statement with the certificate.
(4)The tribunal must—
(a)consider the declaration and certificate and any counter-statement, and
(b)determine whether there is a prima facie case for the officer to take further action on the basis that section 684 (person liable to counteraction of income tax advantage) applies to the person by whom the declaration was made in respect of the transaction or transactions in question.
(5)If the tribunal determines that there is no such case—
(a)section 684 does not so apply, and
(b)accordingly no counteraction notice may be served on the person under section 698 about the transaction or transactions.
(6)But such a determination does not affect the application of sections 684 and 698 in respect of transactions including not only the ones to which the determination relates but also others.