SCHEDULES

SCHEDULE 22 Tonnage tax

Part XII Groups, mergers and related matters

Meaning of “group" and “member of group"

116

In this Schedule a “group” means—

a

all the companies controlled by an individual, or

b

where a company that is not controlled by another person controls one or more other companies, that company and all the companies controlled by it.

References to membership of a group shall be construed accordingly.