TTM02070 - Group Arrangements: Representative Group

The Inland Revenue recommends that a tonnage tax group should operate under a group arrangement as set out in paragraph 120 Sch 22 FA2000. A group arrangement will enable a nominated company to act as a representative of the group. This will reduce (although not eliminate) the need for administrative correspondence between the Inland Revenue and each individual company in the group, and make some aspects of the legislation much simpler to implement, for instance, the provisions of paragraphs 37 (75% limit).

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