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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 VII the ring fence - Para 55 general exclusion of reliefs, deductions and set-offs

FA00/SCH22/PARA55

No relief, deduction or set-off of any description is allowed against the amount of a company’s tonnage tax profits.

References

No deduction from Tonnage Tax profits TTM07200