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HMRC internal manual

Tonnage Tax Manual

HM Revenue & Customs
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Qualifying companies and ships: Need to consider end-use of chartered ship


The definition of a qualifying ship and the rules governing the exclusion of certain ships, are framed in terms of the use made of the ship.

Therefore where a company charters out a ship, the end use by the charterer is relevant in determining whether a ship is qualifying.


Qualifying ship: meaning TTM03500
Non qualifying ships: at sea TTM03610