Tonnage Tax Manual

TTM17001 - Schedule 22 Finance Act 2000: Part I introductory - Para 1 Tonnage Tax

FA00/SCH22/PARA1

(1) This Schedule provides an alternative regime (바카라 사이트渢onnage tax바카라 사이트�) for calculating the profits of a shipping company for the purposes of corporation tax.

(2) The regime applies only if an election to that effect (a 바카라 사이트渢onnage tax election바카라 사이트�) is made (see Part II of this Schedule).

Companies that are members of a group must join in a group election.

(3) A tonnage tax election may only be made if-

(a) the company or group is a qualifying company or group (see Part III of this Schedule), and

(b) certain requirements are met as to training (see Part IV of this Schedule) and other matters (see Part V of this Schedule).

References

General principles of Tonnage Tax	TTM01200
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Outline of Tonnage Tax elections	TTM02001

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