7(1)This paragraph applies where the filing member of a multinational group has registered under paragraph 6.U.K.
(2)An officer of Revenue and Customs may issue the filing member with a notice of de-registration in relation to the registration.
(3)The effect of an officer issuing a notice of de-registration is that, beginning with the effective date, the registration to which the notice relates is not to be treated as a registration under paragraph 6.
(4)“The effective date” is a date specified in or determined by reference to the notice as the date on which the notice takes effect.
(5)But a notice of de-registration does not affect the validity of a registration for the purposes of any obligation arising before the effective date.
(6)An officer [F1of Revenue] and Customs may issue a notice of de-registration only if—
(a)the filing member has applied for such a notice, and
(b)it appears to the officer that the group will not be a qualifying multinational group for any accounting period beginning with the period in which the effective date falls.
Textual Amendments
F1Words in Sch. 14 para. 7(6) substituted (with effect in accordance with Sch. 4 para. 72(4) of the amending Act) by Finance Act 2025 (c. 8), Sch. 4 paras. 70(b), 72(4)