TTM14060 - Exiting tonnage tax: Types of exit
Exclusion for failing to meet 75 per cent limit on charters-inWhere HMRC has issued a notice excluding the company or group from tonnage tax for failing to meet the 75 per cent test on charters-in, the company or group will cease to be within tonnage tax as from the date specified in the notice (
FA00/SCH22/PARA39).
References
| FA00/SCH22/PARA39 (exclusion of company if limit exceeded) | TTM17236 |
| FA00/SCH22/PARA40 (exclusion of group if limit exceeded) | TTM17241 |
| If limit exceeded: Exclusion procedure | TTM05330 |