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|