TTM14000 - Exiting tonnage tax: contents

IntroductionThis section covers the tax treatment of companies that exit the tonnage tax regime. »Ê¹ÚÌåÓýapp treatment is different depending on whether there is a voluntary exit from the regime or whether the exit is non voluntary or forced. It also explains the specific provisions for exit charges.

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Types of exit

  1. TTM14001
    Types of exit
  2. TTM14010
    Expiry of election
  3. TTM14020
    Ceasing to be a qualifying company or group
  4. TTM14030
    Ceasing to qualify, but remaining in Tonnage Tax group (not an exit)
  5. TTM14040
    Operation of the merger provisions - voluntary exit
  6. TTM14050
    Operation of the merger provisions - forced exit
  7. TTM14060
    Exclusion for failing to meet 75 per cent test on charters-in
  8. TTM14070
    Exclusion for tax avoidance
  9. TTM14080
    Opportunity to exit tonnage tax � withdrawal election
  10. TTM14090
    Effect of a withdrawal notice

Effects of exiting regime

  1. TTM14100
    Effects of exiting regime
  2. TTM14110
    Ten year disqualification
  3. TTM14120
    Reasons relating wholly or mainly to tax
  4. TTM14200
    Exit charge - General
  5. TTM14210
    Exit charge - Chargeable gains
  6. TTM14220
    Exit charge - Balancing charges
  7. TTM14230
    Exit charge - if a company leaves tonnage tax more than once