Taxes Consolidation Act 1997 Schedule 18B paragraph 22

Arrangements for dealing with group matters

Paragraph 22 allows Revenue to enter into arrangements with a tonnage tax group so that one company can represent the group in its dealings with Revenue on tonnage tax matters.

• Revenue may agree with the qualifying companies in a tonnage tax group that one company will act on the group's behalf in relation to tonnage tax matters that can conveniently be handled on a group basis.
• The arrangements may cover situations where companies join or leave the group, provide for termination of the arrangements, and include any supplementary, incidental, consequential or transitional provisions that are necessary.
• The arrangements cannot override the requirement that a tonnage tax election must be made jointly by all qualifying companies in the group.
• The arrangements do not affect any liability of a group company under the tonnage tax rules or any other provision of the Tax Acts.