# Finance (No. 2) Act 2023, Paragraph 7

Extent: E+W+S+N.I.

(1) This paragraph applies where the filing member of a multinational group has registered under paragraph 6.
(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 of 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.

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Source: https://www.legislation.gov.uk/ukpga/2023/30/schedule/14/paragraph/7 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2023/schedule-14/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.