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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 22E flagging - rule on subsequent re-flagging of qualifying dredger or tug

FA00/SCH22/PARA22E

(1) This paragraph applies if-

(a) a qualifying ship operated by a company ceases to be registered in any of the Member States’ registers, and

(b) the ship is a qualifying dredger or a tug.

(2) The ship shall not, at any time on or after the date on which it ceases to be so registered, be regarded as-

(a) a qualifying ship operated by the company, or

(b) if immediately before that date the company is a member of a group, a qualifying ship operated by any company that is or becomes a member of the group.