TTM06060 - Relevant shipping profits: Core qualifying activities
Examples
The following will be ‘core qualifying activities’ if carried on by a tonnage tax company in respect of ships that it operates:
- sale of tickets to passengers or booking of cargo
- management of the company’s own ships, for example, route planning and fuel purchases
- arrangement of time or voyage charters
- the transport element of profits from cable laying and diving support services
- provision of food and drink for cruise passengers
- maintenance of cargo, for example, provision of refrigerated storage facilities
- day to day maintenance of ships
- fulfilment of legal and insurance requirements in respect of the ship
- staff administration of ship’s crew
- activities involved in the acquisition or disposal of ships
This list is not exhaustive.
Reference
Core qualifying activities | TTM06050 |