TTM14060 - Exiting Tonnage Tax: Types of exit
Exclusion for failing to meet 75% limit on charters-in
Where HMRC has issued a notice excluding the company or group from Tonnage Tax for failing to meet the 75% test on charters-in, the company or group will cease to be within Tonnage Tax as from the date specified in the notice (paragraph 39).
References
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FA00/SCH22/PARA39 (exclusion of company if limit exceeded) |
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FA00/SCH22/PARA40 (exclusion of group if limit exceeded) |
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If limit exceeded: Exclusion procedure |
