Taxes Consolidation Act 1997 Schedule 1, paragraph 6

Cancellation of certificate of exemption

Paragraph 6 of Schedule 1 allows the Revenue Commissioners to cancel a certificate of exemption previously issued to a licence holder under paragraph 5.

• Revenue may cancel a certificate by issuing a written notice to the certificate holder.
• The cancellation cannot take effect earlier than 30 days after the date the notice is served.
• The notice must specify the date from which the certificate is cancelled.
• Once cancelled, the licence holder loses the exemption from assessment in respect of the exploration company's unpaid tax.