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HMRC internal manual

Tonnage Tax Manual

HM Revenue & Customs
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Schedule 22 Finance Act 2000: Part XII groups - Para 124 merger - Tonnage Tax group or company and non-qualifying group or company


(1) This paragraph applies where there is a merger between a tonnage tax group or company (“T”) and a non-qualifying group or company.

(2) In that case the group resulting from the merger is a tonnage tax group by virtue of T’s election.


Merger between T and NQ TTM12330