Section 394ZA | Company joining tonnage tax group

There is a relevant change in the relationship between A and a principal company of A on any day if—^F1

(a)on that day A becomes a member of a tonnage tax group for the purposes of Schedule 22 to FA 2000 without entering tonnage tax on that day, or^F1

(b)the day ends immediately before the day on which, for the purposes of that Schedule, A both becomes a member of a tonnage tax group and enters tonnage tax.^F1