# Taxation (International and Other Provisions) Act 2010, Paragraph 5


(1) This paragraph applies where—
(a) an appointment of a reporting company under paragraph 1 or 4 or this paragraph has effect in relation to a period of account of a worldwide group (“the relevant period of account”), and
(b) condition A or B is met.
(2) Condition A is that an officer of Revenue and Customs considers that the reporting company mentioned in sub-paragraph (1)(a) has not complied with, or will not comply with, a requirement under or by virtue of this Schedule.
(3) Condition B is that the reporting company mentioned in sub-paragraph (1)(a) has agreed that an officer of Revenue of Customs may exercise the power in this paragraph.
(4) An officer of Revenue and Customs may, by notice—
(a) revoke the appointment of the reporting company mentioned in sub-paragraph (1)(a), and
(b) appoint in its place an eligible company to be the reporting company of the group.
(5) The notice must—
(a) be given to each of the companies mentioned in sub-paragraph (4), and
(b) specify the relevant period of account (whether by specifying the dates on which it begins and ends or, if the officer does not have that information, by reference to a date or dates).
(6) Where the power in sub-paragraph (4) is exercised—
(a) the appointment that is revoked ceases to have effect in relation to—
(i) the relevant period of account, ...
(ii) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) the appointment of the replacement has effect in relation to the relevant period of account.
(7) For the purposes of this paragraph a company is “eligible” if and only if the company —
(a) was a UK group company at a time during the relevant period of account, and
(b) was not dormant throughout that period.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/schedule/7A/paragraph/5 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/schedule-7A/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.