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HMRC internal manual

Tonnage Tax Manual

From
HM Revenue & Customs
Updated
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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)).

References

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