This Convention shall remain in force until terminated by one
of the Contracting States. Either Contracting State may terminate
the Convention through the diplomatic channel, by giving written
notice of termination at least six months before the end of any
calendar year beginning after the expiration of five years from the
date of entry into force of the Convention. In such event, the
Convention shall cease to have effect:
(a) in the United Kingdom:
(i) in respect of income tax and capital gains tax for the year of assessment beginning in the calendar year next following that in which the notice of termination is given and for subsequent years of assessment; and
(ii) in respect of corporation tax for the financial year beginning in the calendar year next following that in which the notice of termination is given and for subsequent financial years;
(b) in the USSR:
in respect of taxes assessed for the calendar year following that in which the notice of termination is given and for subsequent calendar years.
