Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Tonnage Tax Manual

Relevant shipping profits: contents

Introduction

This section outlines the profits that are to be regarded as tonnage tax profits. The section gives guidance on activites, trading income, capital gains and distributions. It explains that the profits of some activities are wholly within tonnage tax but profits of some may be limited. It explains how these relevant shipping profits are replaced by tonnage tax profits of a tonnage tax company.