TTM20024 - S I 1449/2005

STATUTORY INSTRUMENTS 2005 No. 1449 TONNAGE TAX

The Tonnage Tax (Further Opportunity for Election) Order 2005

Made 06/06/2005
听 听
Laid before the House of Commons 06/06/2005
Coming into force 1st July 2005

The Treasury, in exercise of the powers conferred upon them by paragraph 11 of Schedule 22 to the Finance Act 2000( ), make the following Order:

Citation and commencement

  1. This Order may be cited as the Tonnage Tax (Further Opportunity for Election) Order 2005 and shall come into force on 2005.Further opportunity for election to tonnage tax

  2. A tonnage tax election may be made at any time during the period beginning on 1st July 2005 and ending on 31st December 2006 (바카라 사이트渢he further period바카라 사이트�).

  3. (1) In the case of a tonnage tax election made during the further period, paragraph 12 of Schedule 22 to the Finance Act 2000 (when a tonnage tax election takes effect) is adapted as follows.(2) In sub-paragraph (2)바카라 사이트�

(a) after 바카라 사이트淎 tonnage tax election바카라 사이트� insert 바카라 사이트渕ade during the further period바카라 사이트�; and

(b) for 바카라 사이트�1st January 2000바카라 사이트� substitute 바카라 사이트�1st January 2005바카라 사이트�.(3) In sub-paragraph (3) 바카라 사이트�

(a) for 바카라 사이트渂efore the end of the initial period바카라 사이트� substitute 바카라 사이트渄uring the further period바카라 사이트�; and

(b) for 바카라 사이트�1st January 2000바카라 사이트� substitute 바카라 사이트�1st January 2005바카라 사이트�.(4) In sub-paragraph (4) for 바카라 사이트渂efore the end of the initial period바카라 사이트� substitute 바카라 사이트渄uring the further period바카라 사이트�.

(5) At the end of the paragraph add바카라 사이트�

바카라 사이트�(7) In this paragraph 바카라 사이트渢he further period바카라 사이트� means the period provided for by article 2 of the Tonnage Tax (Further Opportunity for Election) Order 2005 (S.I. 2005/xxxx).바카라 사이트�.

A. Commissioner

A.N. OtherMay 2005 Two of the Lords Commissioners of Her Majesty바카라 사이트檚 Treasury

EXPLANATORY NOTE

(This note is not part of the Order)

This Order provides a further opportunity the making of tonnage tax elections under Schedule 22 to the Finance Act 2000 c. 17).

Article 1 provides for the citation and commencement of the Order.

Article 2 provides a further period during which tonnage tax elections may be made.

Article 3 adapts Schedule 22 where a tonnage tax election is made by virtue of Article 2 of this Order.

This Order does not impose new costs on business.