This Convention shall remain in force until terminated by one
of the Contracting States. Either Contracting State may terminate
the Convention through diplomatic channels, by giving notice of
termination at least six months before the end of any calendar year
after the year 1982. In such event, the Convention shall cease to
have effect:
(a) in the United Kingdom:
(i) as respects income tax and capital gains tax, for any year of assessment beginning on or after 6th April in the calendar year next following that in which the notice is given;
(ii) as respects corporation tax, for any financial year beginning on or after 1st April in the calendar year next following that in which the notice given;
(b) in Sri Lanka:
as respects Sri Lanka tax, for the year of assessment beginning on 1st April in the calendar year next following that in which the notice is given and subsequent years of assessment.
