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Section 43C Groups: termination of membership.C1F1

United Kingdom

(1)

The Commissioners may, by notice given to a F2person, terminate its treatment as a member of a group from a date—

(a)

which is specified in the notice, and

(b)

which is, or falls after, the date on which the notice is given.

(2)

The Commissioners may give a notice under subsection (1) above only if it appears to them to be necessary for the protection of the revenue.

(3)

Where—

(a)

a F3person is treated as a member of a group, and

(b)

it appears to the Commissioners that the F4person is not, or is no longer, eligible F5by virtue of section 43A to be treated as a member of the group,

the Commissioners shall, by notice given to the F6person, terminate its treatment as a member of the group from a date specified in the notice.

(4)

The date specified in a notice under subsection (3) above may be earlier than the date on which the notice is given but shall not be earlier than—

(a)

the first date on which, in the opinion of the Commissioners, the F7person was not eligible to be treated as a member of the group, or

(b)

the date on which, in the opinion of the Commissioners, the F8person ceased to be eligible to be treated as a member of the group.

Annotations

Textual amendments

F1

Ss. 43A-43C inserted (27.7.1999) by 1999 c. 16, s. 16, Sch. 2 para. 2

F2

Word in s. 43C(1) substituted (1.11.2019) by Finance Act 2019 (c. 1), s. 53(2), Sch. 18 para. 8(2); S.I. 2019/1348, reg. 2

F3

Word in s. 43C(3)(a) substituted (1.11.2019) by Finance Act 2019 (c. 1), s. 53(2), Sch. 18 para. 8(3); S.I. 2019/1348, reg. 2

F4

Word in s. 43C(3)(b) substituted (1.11.2019) by Finance Act 2019 (c. 1), s. 53(2), Sch. 18 para. 8(3); S.I. 2019/1348, reg. 2

F5

Words in s. 43C(3)(b) substituted (22.7.2004) by Finance Act 2004 (c. 12), s. 20(4)

F6

Word in s. 43C(3) substituted (1.11.2019) by Finance Act 2019 (c. 1), s. 53(2), Sch. 18 para. 8(3); S.I. 2019/1348, reg. 2

F7

Word in s. 43C(4)(a) substituted (1.11.2019) by Finance Act 2019 (c. 1), s. 53(2), Sch. 18 para. 8(4); S.I. 2019/1348, reg. 2

F8

Word in s. 43C(4)(b) substituted (1.11.2019) by Finance Act 2019 (c. 1), s. 53(2), Sch. 18 para. 8(4); S.I. 2019/1348, reg. 2

Modifications

C1

Ss. 43A-43D applied (with effect in accordance with Sch. 18 para. 63 of the amending Act) by Finance Act 2016 (c. 24), Sch. 18 para. 45(3)