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Groups

Group for the purposes of tonnage tax has a wider meaning than for normal corporation tax purposes. This is in order to prevent a family grouping, or a group controlled overseas, from manipulating company ownership so as to pick and choose which companies to place inside and outside tonnage tax. If a shipping company would otherwise be a member of two groups, one of which elected for tonnage tax and one of which did not, then it is a member of the tonnage tax group. If it would be a member of two groups, both of which elected for tonnage tax, then it is a member of the group that elected first¹.

A group is defined as:

1. Ìý

   •ÌýÌýÌýÌý all the companies controlled by an individual, or

2. Ìý

   •ÌýÌýÌýÌý a company and all the companies that it controls, where it is not controlled by another person².

An individual controls a company if they control it alone, or together with their associate(s), but they will not be treated as controlling