SolvedTTM14060 | Exiting tonnage tax: Types of exit
From HM Revenue & Customs · Tonnage Tax Manual
Exclusion for failing to meet 75% limit on charters in
Where HMRC has issued a notice excluding the company or group from tonnage tax for failing to meet the 75% test on charters in, the company or group will cease to be within tonnage tax as from the date specified in the notice (FA00/SCH22/PARA39).
References
| Guidance | Page |
|---|---|
| If limit exceeded: Exclusion procedure | TTM05330 |