SCHEDULES
SCHEDULE 22 Tonnage tax
Part II Tonnage tax elections
F1Bridging renewal election
15ZA
1
A renewal election in respect of a single company or a group is a bridging renewal election if—
a
the last tonnage tax election in force in respect of the company or group (“the previous election”) expired (rather than ceasing to be in force for another reason),
b
in the period beginning with the expiry of the previous election and ending with the time from which the renewal election would have effect, nothing has happened which, if a tonnage tax election had been force in respect of the company or group, would have caused it to cease to be in force, and
c
the renewal election is made with the consent of an officer of Revenue and Customs.
2
An officer of Revenue and Customs may not give consent for the purposes of this paragraph unless satisfied that—
a
the consent was requested without delay after the company or (as appropriate) a company in the group first became aware that the previous election had expired, and
b
the conduct of the company or group in connection with tonnage tax has not at any time involved conduct the main purpose (or one of the main purposes) of which was the avoidance of tax.
3
Where a bridging renewal election is made, the previous election is to be treated as having remained in force until the time when the bridging renewal election takes effect.
Sch. 22 para. 15ZA and cross-heading inserted (1.4.2022) by Finance Act 2022 (c. 3), s. 25(5)(11)