TTM14020 - Exiting tonnage tax: Types of exit

Ceasing to be a qualifying company or group

A company will cease to be qualifying if it: 

• ceases to be within the charge to Corporation Tax (FA00/SCH22/PARA16 (1)(a)), or
• ceases to operate qualifying ships (PARA16 (1)(b)), or
• its ships cease to be strategically and commercially managed in the UK (PARA16 (1)(c)).

A group will cease to qualify if none of its companies qualify.

The relevant date for cessation will be the day the company or group ceased to quali

References

FA00/SCH22/PARA16 (qualifying companies and groups)	TTM17086
Qualifying company	TTM03001