TTM17341 - Schedule 22 Finance Act 2000: Part VII the ring fence - Para 60 transactions not at arm's length - duty to give notice
FA00/SCH22/PARA60
(1) Not more than 90 days after-
(a) the making of an election under this Schedule, or the occurrence of any other event, as a result of which a company enters, or is taken to have entered, tonnage tax, or
(b) the making of an election under this Schedule as a result of which a company will become a tonnage tax company at a later date,
the company shall give notice under this paragraph to any person whose tax liability may be affected by paragraph 58 (transactions not at arm바카라 사이트™s length).
(2) The notice must state-
(a) that the company has become a tonnage tax company, or
(b) that an election has been made under this Schedule as a result of which the company will become a tonnage tax company,
and inform the person to whom it is given of the possible application of the provisions of Part 4 of the Taxation (International and Other Provisions) Act 2010 in relation to transactions between the company and that person.
References
| Duty to notify connected parties | TTM07330 |
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