Duty to notify Inland Revenue of group changesU.K.
129(1)A tonnage tax company that becomes or ceases to be a member of a group, or of a particular group, must give notice to the Inland Revenue of that fact.U.K.
(2)The notice must be given within the period of twelve months beginning with the date on which the company became or ceased to be a member of the group.
(3)In the second column of the Table in section 98 of the M1Taxes Management Act 1970 (penalties for failure to provide information etc.), after the final entry insert—
| “Paragraph 129 of Schedule 22 to the Finance Act 2000..” |