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HMRC internal manual

Tonnage Tax Manual

HM Revenue & Customs
, see all updates

Exiting tonnage tax: Types of exit

Operation of merger provisions: Voluntary exit

Where there is a merger between a tonnage tax group or company and a qualifying non-tonnage tax group or company then, if neither is the dominant party, the new group may choose not to elect into tonnage tax and the regime ceases as from the date of merger (FA00/SCH22/PARA123 (4)).


FA00/SCH22/PARA123 (merger between T and QNT) TTM17691
Merger between T and QNT TTM12320