A group arrangement will normally cover the following matters:
•Dealing with the HMRC on behalf of group companies in respect of non-statutory business clearances.
•Dealing with the HMRC on behalf of group companies in respect of the tonnage tax election and renewal elections.
•Making notifications on behalf of group companies as to whether or not the 75 per cent limit on chartering-in (set out in FA00/SCH22/PARA37) has been exceeded and making any appeal under PARA43 (against an exclusion from tonnage tax notice).
•Preparing and negotiating with the HMRC calculations required under PARA62 (finance costs).