Schedule 22 Finance Act 2000: Part III qualifying companies and groups - Para 22E flagging - rule on subsequent re-flagging of qualifying dredger or tug
(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.