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HMRC internal manual

Tonnage Tax Manual

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HM Revenue & Customs
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Schedule 22 Finance Act 2000: Part VI relevant shipping profits - Para 47 qualifying secondary activities

FA00/SCH22/PARA47

(1) The Inland Revenue may make provision by regulations as to-

(a) the descriptions of activity that are to be regarded as qualifying secondary activities, and

(b) the permitted level in relation to any such activity or description of activity.

(2) The regulations may set the permitted level or provide for its determination by reference to such factors as may be specified in the regulations.

References

Qualifying secondary activities TTM06100
   
SI00/2303/REG3 (qualifying secondary activities) TTM18003