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 (FA00/SCH22/PARA39).
References
| Guidance | Page |
|---|---|
| FA00/SCH22/PARA39 (exclusion of company if limit exceeded) | TTM17236 |
| FA00/SCH/PARA40 (exclusion of group if limit exceeded) | TTM17241 |
| If limit exceeded: Exclusion procedure | TTM05330 |