•defines the terms ‘group’ and ‘control’ for tonnage tax purposes;
•deals with rules concerning group matters; and
•deals with mergers and demergers involving tonnage tax companies.
Definitions of ‘group’ and ‘control’
The definition of ‘group’ is all companies controlled by an individual or by another company. In cases where it is a company controlling the group, that company is part of the group (FA 2000, Sch. 22, para. 116).