TTMUPDATE010831 - 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