TTM12000 - Tonnage Tax Groups
Introduction
This section details the treatment of tonnage tax groups. It explains what is meant by a tonnage tax group and how the group’s tonnage tax profits are calculated. It also covers the merger provisions between tonnage tax companies and non tonnage tax companies.
Table of contents
Outline
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Outline on tonnage tax group |
Control
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Meaning of ‘group’ |
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Control by an individual |
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Meaning of ‘associate’ |
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Meaning of ‘relative’ |
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Meaning of ‘child’ |
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Meaning of ‘settlement’ and ‘settlor’ |
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Meaning of ‘control’ |
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Attribution of powers to achieve control |
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Exclusion from control |
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Company not to be a member of more than one group |
Group arrangements with Revenue
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Notification of group changes |
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Group arrangements |
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Matters covered by group arrangement |
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Details in notification of group arrangement |
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Inspector’s agreement to group arrangement |
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Changes to membership of group |
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Changes to details covered by group arrangement |
Merger
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Merger: Meaning |
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Merger between TT groups/companies |
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Merger between TT and qualifying non-TT groups/companies |
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Merger between TT and non-qualifying groups/companies |
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Merger between non-qualifying and qualifying non-TT groups/companies |
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Meaning of ‘dominant party’ |
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Meaning of ‘relevant activities’ |
Demerger
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Definition of ‘demerger’ |
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Effect of demerger |
