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HMRC internal manual

Tonnage Tax Manual

Schedule 22 Finance Act 2000: Part VI relevant shipping profits - Para 50 relevant shipping income - certain interest etc


(1) Income to which this paragraph applies is relevant shipping income only to the extent that it would apart from this Schedule fall to be taken into account as trading income from a trade consisting of the company’s tonnage tax activities.

(2) This paragraph applies to-

(a) anything giving rise to a credit that would fall to be brought into account for the purposes of Part 5 of the Corporation Tax Act 2009 (loan relationships);and

(c) any credit falling to be brought into account in accordance with Part 7 of the Corporation Tax Act 2009 (derivative contracts).


Certain interest etc. TTM06510