7(1)This paragraph applies where the filing member of a multinational group has registered under paragraph 6.U.K.
(2)An officer of Revenue and Customs may issue the filing member with a notice of de-registration in relation to the registration.
(3)The effect of an officer issuing a notice of de-registration is that, beginning with the effective date, the registration to which the notice relates is not to be treated as a registration under paragraph 6.
(4)“The effective date” is a date specified in or determined by reference to the notice as the date on which the notice takes effect.
(5)But a notice of de-registration does not affect the validity of a registration for the purposes of any obligation arising before the effective date.
(6)An officer or Revenue and Customs may issue a notice of de-registration only if—
(a)the filing member has applied for such a notice, and
(b)it appears to the officer that the group will not be a qualifying multinational group for any accounting period beginning with the period in which the effective date falls.