Exiting tonnage tax: Types of exit
Operation of merger provisions: Forced exit
Where there is a merger between a tonnage tax group or company and a qualifying non-tonnage tax group or company (QNT) then, if QNT is the dominant party, the regime ceases as from the date of merger (FA00/SCH22/PARA123 (3)).
|FA00/SCH22/PARA123 (merger between T and QNT)||TTM17691|
|Merger between T and QNT||TTM12320|