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HMRC internal manual

Tonnage Tax Manual

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

Definition

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.

References

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