Part III Application of Act in particular cases
F143C Groups: termination of membership.
1
The Commissioners may, by notice given to a body corporate, 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 body is treated as a member of a group, and
b
it appears to the Commissioners that the body is not, or is no longer, eligible F2by virtue of section 43A to be treated as a member of the group,
the Commissioners shall, by notice given to the body, 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 body 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 body ceased to be eligible to be treated as a member of the group.