TTM02210 - Tonnage tax elections: When election takes effect

Backdating an election made in a further window of opportunity

A company or group may ask that an election made in a further window of opportunity (see TTM02180) may take effect from the beginning of an accounting period earlier than the one in which it is made, but an election made in the window of opportunity from 1 July 2005 to 31 December 2006 cannot apply before 1 January 2005, and an election made in the window of opportunity from 1 June 2023 to 30 November 2024 cannot apply before 1 January 2023.

References

FA00/SCH22/PARA12 (when election takes effect)	TTM17056
The Tonnage Tax (Further Opportunity for Election) Order 2005, SI-2005/1449	TTM20024
Appeals against HMRC’s refusal to vary date of entry	TTM02270
Contact points	TTM01120