SCHEDULES

SCHEDULE 22 U.K. Tonnage tax

Part XIV U.K. Withdrawal of relief etc. on company leaving tonnage tax

Second or subsequent application of this Part U.K.

141 U.K. Where this Part of this Schedule applies on a second or subsequent occasion on which a company ceases to be a tonnage tax company (whether or not this Part applied on any of the previous occasions)—

(a) the references to the company ceasing to be a tonnage tax company shall be read as references to the last occasion on which it did so, and

(b) the references to the period during which the company was a tonnage tax company do not include any period before its most recent entry into tonnage tax.