{
  "url": "https://openlegislation.uk/finance-no-2-act-2023/schedule-14/paragraph-7",
  "json_url": "https://openlegislation.uk/finance-no-2-act-2023/schedule-14/paragraph-7.json",
  "legislation": "ukpga/2023/30",
  "legislation_title": "Finance (No. 2) Act 2023",
  "legislation_url": "https://openlegislation.uk/finance-no-2-act-2023",
  "path": "schedule/14/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "(1) This paragraph applies where the filing member of a multinational group has registered under paragraph 6.\n(2) An officer of Revenue and Customs may issue the filing member with a notice of de-registration in relation to the registration.\n(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.\n(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.\n(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.\n(6) An officer of Revenue and Customs may issue a notice of de-registration only if—\n(a) the filing member has applied for such a notice, and\n(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.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words 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)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2023/30/schedule/14/paragraph/7",
    "retrieved_at": "2026-10-29T08:52:11.242356+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}