TTM03001 - Qualifying companies and ships: Qualifying company
A company is a ‘qualifying company’ for tonnage tax purposes if-
it is within the charge to corporation tax,
it operates (see TTM03100) one or more qualifying ships (see TTM03500), and
those ships are strategically and commercially managed in the United Kingdom (see TTM03800)
Exception - temporarily ceasing to operate qualifying ships
The only exception to this definition is that a company that temporarily ceases to operate qualifying ships may continue to be a qualifying company if certain conditions are met (see TTM03050).
A non-resident company trading in the UK through a permanent establishment (branch or agency) is within the charge to Corporation Tax, and can be a qualifying company if the other conditions are satisfied. (See TTM03800).
|FA00/SCH22/PARA16 (qualifying companies and groups)||TTM17086|
|Meaning of ‘operating a ship’||TTM03100|
|Definition of a ‘qualifying ship’||TTM03500|
|The meaning of ‘strategically and commercially managed in the UK’||TTM03800|