TTM17776 - Schedule 22 Finance Act 2000: Part XIV leaving Tonnage Tax - Para 140 ten year disqualification from re-entry into Tonnage Tax

FA00/SCH22/PARA140

(1) A company election made by a former tonnage tax company is ineffective if made before the end of the period of ten years beginning with the date on which the company ceased to be a tonnage tax company.

(2) A group election that-

(a) is made in respect of a group whose members include a former tonnage tax company, and

(b) would result in that company becoming a tonnage tax company,

is ineffective if made before the end of the period of ten years beginning with the date on which that company ceased to be a tonnage tax company.

(3) Sub-paragraphs (1) and (2) do not prevent a company becoming a tonnage tax company under and in accordance with the rules in Part XII of this Schedule (groups, mergers and related matters).

(4) In this paragraph 바카라 사이트śformer tonnage tax company바카라 사이트ť means a company that is not a tonnage tax company but has previously been a tonnage tax company.

References

Ten year disqualification TTM14110
   

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