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HMRC internal manual

Tonnage Tax Manual

Tonnage tax elections: How to elect?

Company or group election

A tonnage tax election may be made by

  • a qualifying single company (a ‘company election’), or

  • a qualifying group (a ‘group election’).

Group election

A group election must be made jointly by all the qualifying companies in the group. (See TTM12010 on the extended definition of ‘group’ for tonnage tax purposes.)

Once made a group election applies to all the qualifying companies in a group.


FA00/SCH22/PARA7 (group or company election) TTM17031
FA00/SCH22/PARA9_(2) (group election to be made jointly) TTM17041
Form of election TTM02110