TTM14030 | Exiting tonnage tax: Types of exit

Company ceasing to qualify, but remaining in tonnage tax groupWhere a company ceases itself to qualify as a tonnage tax company, but one or more companies in the group remain tonnage tax companies, the company remains a member of that tonnage tax group.

No exit provisions apply in these circumstances.

The company may become a tonnage tax company again by beginning to operate a ship, so long as the group to which it belongs remains a tonnage tax group.