COMPANY OR GROUP ELECTION

Related HMRC Manuals

7(1)  A tonnage tax election may be made in respect of–

(a)a qualifying single company (a “company election”), or

(b)a qualifying group (a “group election”).

7(2)  A group election has effect in relation to all qualifying companies in the group.

METHOD OF MAKING ELECTION

Related Commentary  Related HMRC Manuals

8(1)  A tonnage tax election is made by notice to the Inland Revenue.

8(2)  The notice must contain such particulars and be supported by such evidence as the Inland Revenue may require.

PERSON BY WHOM ELECTION TO BE MADE

Related Commentary  Related HMRC Manuals

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