Paragraph 7
(1)
A tonnage tax election may be made in respect of—
(a)
a qualifying single company (a “company election”), or
(b)
a qualifying group (a “group election”).
(2)
A group election has effect in relation to all qualifying companies in the group.
Notes on Part II
Modifications
- C1
Sch. 22 Pt. 2 applied (with modifications) (1.6.2023) by The Tonnage Tax (Further Opportunity for Election) Order 2023 (S.I. 2023/508), arts. 1, 3