This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Company Taxation Manual

Groups & consortia: consortia - group income: election - ceasing to apply

ICTA88/S248 (4) and (5)

An election ceases to be in force if at any time the companies cease to be entitled to make the election. Each company must notify the Inspector as soon as this happens.

Either of the companies making an election may at any time give the Inspector notice in writing revoking the election. Such a notice has effect from the time it is given.