- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
16.—(1) The Commissioners may, by notice given to a body corporate, terminate its treatment as a member of a group from a date which is specified in the notice.
(2) The Commissioners may give notice under paragraph (1) if it appears to them—
(a)to be necessary for the protection of the revenue; or
(b)that the body corporate is not (or is no longer) eligible to be treated as a member of the group.
(3) Where the Commissioners give notice to a body corporate under paragraph (1), notice must also be given to the representative member (if different from the body corporate).
(4) If the body corporate referred to in paragraph (1) is the representative member—
(a)notice must also be given to each member of the group; and
(b)the members of the group must with immediate effect appoint a new representative member in order to continue to be treated as a group.
(5) If it appears to the Commissioners that-
(a)the group does not (or has ceased to) have a representative member who is acceptable to the Commissioners; or
(b)there are fewer than two bodies corporate being treated as members of the group,
they may give notice to each member that the group treatment will cease from a date which is specified in the notice.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: