Company temporarily ceasing to operate qualifying ships
(1) This paragraph shall apply where a company temporarily ceases to operate any qualifying ships.
(2) This paragraph shall not apply where a company continues to operate a ship that temporarily ceases to be a qualifying ship.
(3) If a company which temporarily ceases to operate any qualifying ships gives notice to the Revenue Commissioners stating -
(a) its intention to resume operating qualifying ships, and
(b) its wish to remain within tonnage tax,
the company shall be treated for the purposes of Part 24A and this Schedule as if it had continued to operate the qualifying ship or ships it operated immediately before the temporary cessation.
(4) The notice must be given on or before the specified return date for the chargeable period (within the meaning of Part 41A) of the company in which the temporary cessation begins.
(5) This paragraph shall cease to apply if and when the company -
(a) abandons its intention to resume oper
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