TTM14050 - Exiting tonnage tax: Types of exit
Operation of merger provisions: Forced exit
Where there is a merger between a tonnage tax group or company (T) and a qualifying non-tonnage tax group or company (QNT) then, if QNT is the dominant party, the regime ceases as from the date of merger (FA00/SCH22/PARA123 (3)).
References
| FA00/SCH22/PARA123 (merger between T and QNT) | TTM17691 |
| Merger between T and QNT | TTM12320 |