beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Tonnage Tax Manual

Tax avoidance: Action by HMRC

Exit charge

Reinstatement of chargeable gains and balancing charges

A further effect of being excluded from tonnage tax for tax avoidance is that the exit provisions for reinstatement of chargeable gains and balancing charges within the previous six years of the tonnage tax regime apply.

For the chargeable gains exit charge see TTM14210.

For the balancing charges exit charge see TTM14220.


FA00/SCH22/PARA138 (exit charge: capital gains) TTM17766
FA00/SCH22/PARA139 (exit charge: balancing charges) TTM17771
Effect of exiting tonnage tax regime TTM14100
Exit charge: General TTM14200