TTM14020 | Exiting tonnage tax: Types of exit

Ceasing to be a qualifying company or group

A company will cease to be qualifying if it:

• ceases to be within the charge to Corporation Tax (FA00/SCH22/PARA16 (1)(a)), or

• ceases to operate qualifying ships (PARA16 (1)(b)), or

• its ships cease to be strategically and commercially managed in the UK (PARA16 (1)(c)).

A group will cease to qualify if none of its companies qualify.

The relevant date for cessation will be the day the company or group ceased to quali

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