Group arrangements: Representative group
HMRC recommends that a tonnage tax group should operate under a group arrangement as set out in FA00/SCH22/PARA120. A group arrangement will enable a nominated company to act as a representative of the group. This will reduce (although not eliminate) the need for administrative correspondence between HMRC and each individual company in the group, and make some aspects of the legislation much simpler to implement, for instance, the provisions of FA00/SCH22/PARA37 (75% chartered-in limit, see TTM05001 onwards).
|FA00/SCH22/PARA120 (Group arrangement)||TTM17676|
|Matters covered by group arrangement||TTM12220|
|Notification of group arrangement||TTM12230|
|Group arrangement: HMRC agreement||TTM12240|
|Group arrangement: Changes to membership||TTM12250|