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HMRC internal manual

Tonnage Tax Manual

From
HM Revenue & Customs
Updated
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Schedule 7 Finance Act 2005: Para 2

Period for which election is in force(1) Paragraph 13 is amended as follows.

(2) After sub-paragraph (2) insert:-

“(2A) A Tonnage Tax election ceases to be in force –

(a) in the case of a company election, if a withdrawal notice in respect of the company takes effect under paragraph 15A;  
  
(b) in the case of a group election, if a withdrawal notice in respect of the group takes effect under that paragraph.”