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HMRC internal manual

Tonnage Tax Manual

From
HM Revenue & Customs
Updated
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Tonnage tax groups: Control

Meaning of ‘control’

‘Control’ of a company means, per FA00/SCH22/PARA118, the power of a person to secure by means of:
 

  • a shareholding, or
  • voting power, directly or indirectly through other companies, or
  • any powers conferred by articles of association or other document regulated that or any other company,

so that the affairs of the company are conducted in accordance with his wishes.
 

References

FA00/SCH22/PARA118 (meaning of ‘control’) TTM17666
   
Attribution of powers to achieve control TTM12080
Exclusion from control TTM12090
Company not to be treated as member of more than one group TTM12100