(1) The First-tier Tribunal shall decide an appeal under section 41 by way of a rehearing of the determination appealed against.
(2) In disposing of an appeal under section 41 the First-tier Tribunal may do one or more of the following -
(a) confirm the determination appealed against;
(b) quash that determination;
(c) vary that determination;
(d) remit the matter to the OFT for reconsideration and determination in accordance with the directions (if any) given to it by the tribunal;
(e) give the OFT directions for the purpose of giving effect to its decision.
(3) In the case of an appeal under section 41 against a determination to impose a penalty, the First-tier Tribunal -
(a) has no power by virtue of subsection (2)(c) to increase the penalty;
(b) may extend the period within which the penalty is to be paid (including in cases where that period has already ended).
(4) Subsection (3) does not affect -
(a) the tribunal’s power to give directions to the OFT under subsection (2)(d)