This section applies to a partner who is required by a notice under section 12AA to deliver a return.
Before the end of the withdrawal period, the partner may request HMRC to withdraw the notice.
But no request may be made if the partner has delivered a return under section 12AA in pursuance of the notice.
If, on receiving a request, HMRC decide to withdraw the notice under section 12AA they must do so by giving the partner a notice under this section.
A notice under this section must specify the date on which the notice under section 12AA is withdrawn.
For the purposes of subsection (2) "the withdrawal period" means—
(a) in the case of a partnership which includes one or more companies, the period of 2 years beginning with the end of the period in respect of which the return under section 12AA was required by the notice under that section,
(b) in the case of any other partnership, the period of 2 years beginning with the end of the year of assessment to which the notice under section 12AA relates, or
(c) in the case of any partnership, such extended period as HMRC may agree with the partner in exceptional circumstances.
Withdrawal of a notice under section 12AA in relation to the period in respect of which the return under that section was required or year of assessment (as the case may be) does not prevent HMRC from serving a further notice under section 12AA requiring a partner to deliver a return in relation to that period or year.
References in subsections (2) to (6) to the partner include references to a successor of the partner (see section 12AA(11)).