SCHEDULE 8 Tonnage Tax
Finance Act 2024 (2024 c 3) | Legislation

SCHEDULE 8 Tonnage Tax

Section 9

Introduction

1

Schedule 22 to FA 2000 (tonnage tax) is amended as follows.

Qualifying companies to include companies managing qualifying ships

2

(1)     In paragraph 16 (qualifying companies and groups), in sub-paragraph (1)(b), after “operates†insert “or managesâ€.

(2)     After paragraph 18 insert—

“Meaning of managing a qualifying ship
18A

A company is regarded for the purposes of this Schedule as managing a qualifying ship if—

(a)     the ship is a qualifying ship operated by a tonnage tax company (“the operatorâ€),

(b)     the company carries on activities in relation to the ship that would be tonnage tax activities of the operator if the operator carried them on, and

(c)     those activities as carried on by the

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