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,
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|