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HMRC internal manual

Tonnage Tax Manual

Schedule 22 Finance Act 2000: Part XIV leaving Tonnage Tax - Para 141 second or subsequent application of this Part


Where this Part of this Schedule applies on a second or subsequent occasion on which a company ceases to be a tonnage tax company (whether or not this Part applied on any of the previous occasions)-

(a) the references to the company ceasing to be a tonnage tax company shall be read as references to the last occasion on which it did so, and

(b) the references to the period during which the company was a tonnage tax company do not include any period before its most recent entry into tonnage tax.


Company leaves Tonnage Tax more than once TTM14230