# Taxation (International and Other Provisions) Act 2010, Paragraph 53


(1) This paragraph applies if—
(a) a closure notice is given to a company under paragraph 47,
(b) a period of account of a worldwide group (“the new group”) is designated under paragraph 47(4) in the closure notice,
(c) the company is not a member of the new group at any time in that period of account, and
(d) paragraph 51 does not apply.
(2) An officer of Revenue and Customs may appoint a company to be the reporting company of the new group in relation to that period.
(3) The appointment—
(a) must be of a company that was a UK group company at any time during that period and was not dormant throughout that period, and
(b) must be made before the end of the period of 3 months beginning with the day on which the closure notice is given to the company.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/schedule/7A/paragraph/53 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/schedule-7A/paragraph-53
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.