TTM12200 | Tonnage tax groups: Group arrangements

Notification of group changes

A tonnage tax company that becomes or ceases to be a member of a particular group must notify HMRC of that fact within 12 months of the change (FA00/SCH22/PARA129). Failure to do so may incur a penalty under FA89/S164. The requirement may be undertaken by the representative company under a group arrangement, but liability to a penalty for failure remains that of the company (FA00/SCH22/PARA120 (3)(b)).

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