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HMRC internal manual

Tonnage Tax Manual

From
HM Revenue & Customs
Updated
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Schedule 22 Finance Act 2000: Part III qualifying companies and groups - Para 16 qualifying companies and groups

FA00/SCH22/PARA16

(1) For the purposes of this Schedule a company is a “qualifying company” if-

(a) it is within the charge to corporation tax,

(b) it operates qualifying ships, and

(c) those ships are strategically and commercially managed in the United Kingdom.

(2) A “qualifying group” means a group of which one or more members are qualifying companies.

References

Qualifying company TTM03001