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.”