(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.]
Textual Amendments
F1Ss. 43A-43C inserted (27.7.1999) by 1999 c. 16, s. 16, Sch. 2 para. 2
F2Word 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
F3Word 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
F4Word 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
F5Words in s. 43C(3)(b) substituted (22.7.2004) by Finance Act 2004 (c. 12), s. 20(4)
F6Word 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
F7Word 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
F8Word 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 etc. (not altering text)
C1Ss. 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)