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HMRC internal manual

Tonnage Tax Manual

Tonnage Tax Manual: recent changes

Below are details of the significant amendments that were published on 31/08/2001

Section Title and details of the update
Chapter 17 Schedule 22 FA 2000
Wording amended in accordance with CAA 2001  
All References to CAA 2001 updated
All References to DETR changed to DTLR
All Contact information updated
TTM01100 Introduction: Organisation: Distribution of cases
Transfer of work from City F LBO to Liverpool LBO  
TTM02030 Pre-election clearance
No clearance where avoidance suspected  
TTM03520 Seagoing: Certification of ships
Certification, and hence ‘qualification’ of ship, cannot be backdated  
TTM05520 Tax Avoidance: Action by inspector
No clearance where avoidance suspected  
TTM06130 Secondary activities: Work carried out for third parties
Services for joint venture companies  
TTM06510 Relevant shipping income: Certain interest etc.
Interest on working capital and deposits integral to leases/loans  
TTM06600 Vessels providing transport for services at sea
Example expanded  
TTM07500 The Ring Fence
Interaction of finance costs and transfer pricing  
TTM07510 The Ring Fence
Intragroup interest-free loans: Examples  
TTM09030 Capital Allowances: Entry into Tonnage Tax (P&M):
Apportioning a mixed pool: Use of book value  
TTM09340 Capital Allowances
After exiting from Tonnage Tax  
TTM10020 Ship Leasing
Novation of finance leases  
TTM11120 Offshore Activities
Multifunctional vessels