7(1)A tonnage tax election may be made in respect of—U.K.
(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.
7(1)A tonnage tax election may be made in respect of—U.K.
(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.