TTM14000 - Exiting tonnage tax: contents

IntroductionThis section covers the tax treatment of companies that exit the tonnage tax regime. The treatment is different depending on whether there is a voluntary exit from the regime or whether the exit is non voluntary or forced. It also explains the specific provisions for exit charges.

 

Types of exit

  1. TTM14001
    Types of exit
  2. TTM14010
    Expiry of election
  3. TTM14020
    Ceasing to be a qualifying company or group
  4. TTM14030
    Ceasing to qualify, but remaining in Tonnage Tax group (not an exit)
  5. TTM14040
    Operation of the merger provisions - voluntary exit
  6. TTM14050
    Operation of the merger provisions - forced exit
  7. TTM14060
    Exclusion for failing to meet 75 per cent test on charters-in
  8. TTM14070
    Exclusion for tax avoidance
  9. TTM14080
    Opportunity to exit tonnage tax 바카라 사이트“ withdrawal election
  10. TTM14090
    Effect of a withdrawal notice

Effects of exiting regime

  1. TTM14100
    Effects of exiting regime
  2. TTM14110
    Ten year disqualification
  3. TTM14120
    Reasons relating wholly or mainly to tax
  4. TTM14200
    Exit charge - General
  5. TTM14210
    Exit charge - Chargeable gains
  6. TTM14220
    Exit charge - Balancing charges
  7. TTM14230
    Exit charge - if a company leaves tonnage tax more than once