TTM12070 - Tonnage tax groups: Control
Meaning of 'control’
‘Control’ of a company means, per FA00/SCH22/PARA118, the power of a person to secure by means of:
- a shareholding, or
- voting power, directly or indirectly through other companies, or
- any powers conferred by articles of association or other document regulating that or any other company,
that the affairs of the company are conducted in accordance with his wishes.
References
| FA00/SCH22/PARA118 (meaning of ‘control’) | TTM17666 |
| Attribution of powers to achieve control | TTM12080 |
| Exclusion from control | TTM12090 |
| Company not to be treated as member of more than one group | TTM12100 |