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HMRC internal manual

Tonnage Tax Manual

Schedule 22 Finance Act 2000: Part X the ring fence - capital allowances - ship leasing - Para 101 quantitative restrictions - power to alter amounts by regulations


(1) The Inland Revenue may by regulations alter the amounts for the time being specified in sub-paragraph (3)(a) and (b) and sub-paragraph (5) of paragraph 94 (quantitative restrictions on allowances).

(2) The regulations may contain such incidental, supplementary and transitional provisions as appear to the Inland Revenue to be appropriate.


Power to alter amounts TTM10400