Policy paper

Revenue and Customs Brief 5 (2016): Tonnage Tax - qualifying ships and flagging

This brief is to make shipping companies aware that for the purpose of Tonnage Tax flagging rules 2016 will not be an ‘excepted year’.

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This HM Revenue and Customs brief explains If during financial year 2016 a company in Tonnage Tax starts to operate a ship that is not registered in a European Union (EU) or European Economic Area (EEA) member state, then they must carry out a ‘flagging test’ to determine whether the ship qualifies for Tonnage Tax. The financial year 2016 is the year beginning 1 April 2016.

Published 4 February 2016