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Tonnage Tax Manual
Publication Date: 2023
Publisher: Bloomsbury Professional
Copyright: 2023 Crown
Tonnage Tax Manual
A definition of tonnage tax, which types of ship qualify, how the tax is worked out and the rules it follows.
Last update: 31st July 2023
Contents
- Close sectionTTM01000: Introduction: contents
- Close sectionTTM02000: Elections: contents
- Close sectionOutline
- Close sectionPre-election clearance
- TTM02010: Clearance application before initial election
- TTM02030: Areas covered by clearance application
- TTM02040: Information to be provided to HMRC
- TTM02050: Timing of clearance application
- TTM02060: Foreign company or group considering commencing qualifying activities in the UK
- TTM02070: Group Arrangements
- Close sectionHow to elect
- Close sectionWhen to elect
- Close sectionWhen election takes effect
- TTM02200: General rule
- TTM02210: Backdating an ‘initial period’ election
- TTM02220: Deferring an ‘initial period’ election to the next accounting period
- TTM02230: Deferring an ‘initial period’ election to the next but one accounting period
- TTM02240: Group companies with different accounting periods
- TTM02260: Election made outside a window of opportunity
- TTM02265: When election takes effect; foreign groups new to UK
- TTM02270: Appeals against inspector's refusal to vary date of entry
- TTM02301: Example 1 - Election in ‘window of opportunity’
- TTM02302: Example 2 - Group companies with common accounting dates
- TTM02303: Example 3 - Group companies with differing accounting dates
- Close section75% limit exceeded in first AP
- Close sectionPeriod for which election in force
- Close sectionWithdrawal election
- Close sectionTTM03000: Qualifying Companies and Ships: contents
- Close sectionQualifying company and group
- Close sectionTemporary cessation
- Close sectionOperating a ship
- Close sectionBareboat charter-out
- Close sectionQualifying ship
- Close sectionSeagoing
- Close sectionUse of ship
- TTM03540: Categories of use
- TTM03545: Carriage by sea of passengers
- TTM03550: Carriage by sea of cargo
- TTM03560: Towage, salvage or other marine assistance
- TTM03570: Transport by sea in connection with other services of a kind necessarily provided at sea
- TTM03580: When does a new ship first become a qualifying ship?
- TTM03590: When does a ship cease to be qualifying?
- TTM03595: Sea - meaning of
- Close sectionExcluded vessels
- TTM03600: Non-qualifying ships - introduction
- TTM03610: Non-qualifying - services normally provided on land
- TTM03620: Excluded vessels
- TTM03630: Pleasure craft
- TTM03635: Fishing vessels or factory ships
- TTM03640: Harbour, estuary or river ferries
- TTM03645: Offshore installations
- TTM03670: Tankers dedicated to a particular oilfield
- TTM03675: Need to consider end-user of chartered ship
- TTM03680: Tugs other than qualifying tugs
- TTM03685: Qualifying tugs - flagging
- TTM03690: Dredgers
- TTM03695: Examples of qualifying and non-qualifying ships
- Close sectionChange of use
- Close sectionStrategic and commercial management
- Close sectionFlagging
- Close sectionTTM04000: The training requirement: contents
- Close sectionTTM05000: The 75% limit on charters-in: contents
- Close sectionOutline and conditions
- Close sectionChartered-in
- Close sectionHow to calculate
- TTM05200: How to calculate 75% limit
- TTM05210: Accounting periods of group companies
- TTM05220: Example 1 - Deferment of group entry if test failed
- TTM05230: Example 2 - Possible exclusion of group for exceeding limit
- TTM05240: Example 3 - All ships operated for whole accounting period
- TTM05250: Example 4 - Ships operated for varying periods during AP
- Close sectionIf 75% limit exceeded
- Close sectionTTM05500: Tax Avoidance: contents
- Close sectionTTM06000: Relevant Shipping Profits: contents
- Close sectionOutline and definitions
- Close sectionCore qualifying activities
- Close sectionQualifying Secondary Activities
- TTM06100: Qualifying Secondary Activities
- TTM06105: Relevant shipping profits: Non qualifying secondary activities
- TTM06110: Wholly qualifying secondary activities
- TTM06120: Secondary activities qualifying up to set limits
- TTM06130: Work carried out for third parties
- TTM06140: Work carried out for third parties - Activities outside ring fence
- TTM06150: Betting and gambling
- TTM06160: Sale of luxury goods
- Close sectionQualifying incidental activities
- Close sectionDistributions from overseas shipping companies
- Close sectionInvestment income etc
- Close sectionMiscellaneous
- Close sectionTTM07000: The Ring Fence: contents
- Close sectionTTM08000: Chargeable Gains: contents
- Close sectionTTM09000: Capital allowances: contents
- Close sectionOutline
- Close sectionDuring tonnage tax (P&M)
- TTM09100: Mixed use asset acquired after entry
- TTM09110: Change of use of tonnage tax asset - General
- TTM09120: Change of use of tonnage tax asset acquired before entry
- TTM09130: Change of use of tonnage tax asset acquired after entry
- TTM09140: Change of use of non-Tonnage Tax asset
- TTM09150: Disposals of plant and machinery
- Close sectionBalancing charges (P&M)
- TTM09200: Deferment of balancing charges arising before entry
- TTM09210: Reduction of balancing charges arising during tonnage tax
- TTM09220: Giving effect to balancing charges arising during tonnage tax
- TTM09230: Deferment of balancing charges arising after entry
- TTM09240: Examples of deferred balancing charges
- TTM09250: Procedure on deferred balancing charge
- TTM09260: Surrender of unrelieved qualifying expenditure
- Close sectionExit from tonnage tax (P&M)
- Close sectionIndustrial buildings
- Close sectionTTM10000: Ship leasing: contents
- Close sectionOutline
- Close sectionDefeased leasing
- Close sectionSale and lease-back
- Close sectionCertification of ship leases
- Close sectionQuantitative restrictions on allowances
- TTM10400: Outline of restrictions on capital allowances
- TTM10410: Entitlement to allowances
- TTM10415: Exceptions
- TTM10420: Shared expenditure
- TTM10430: Cost of providing the ship
- TTM10440: Cost of providing the ship - Example
- TTM10450: Disposals
- TTM10460: Disposals - Example
- TTM10470: Restrictions begin to apply - introduction
- TTM10480: Restrictions begin to apply - Procedure
- TTM10490: Restrictions begin to apply - Example
- TTM10500: Restrictions cease to apply - introduction
- TTM10510: Restrictions cease to apply - Procedure
- TTM10520: Restrictions cease to apply - Example
- TTM10530: Tax written down value
- Close sectionTTM11000: Offshore Activities: contents
- Close sectionOutline
- Close sectionTypes of vessel
- TTM11100: Different types of vessel and their treatment
- TTM11110: Vessels to which special rules apply
- TTM11120: Vessels to which special rules do not apply
- TTM11125: Offshore activities following Finance Act 2005
- TTM11126: Offshore activities following Finance Act 2005: The special rules
- TTM11130: Vessels outside tonnage tax
- TTM11140: De minimis activity ignored
- TTM11150: Periods of inactivity
- Close sectionOffshore profits
- Close sectionCapital allowances
- Close sectionAllowance for training costs
- Close sectionTTM12000: Tonnage Tax Groups: contents
- Close sectionOutline
- Close sectionControl
- TTM12010: Meaning of ‘group’
- TTM12020: Control by an individual
- TTM12030: Meaning of ‘associate’
- TTM12040: Meaning of ‘relative’
- TTM12050: Meaning of ‘child’
- TTM12060: Meaning of ‘settlement’ and ‘settlor’
- TTM12070: Meaning of ‘control’
- TTM12080: Attribution of powers to achieve control
- TTM12090: Exclusion from control
- TTM12100: Company not to be a member of more than one group
- Close sectionGroup arrangements with Revenue
- TTM12200: Notification of group changes
- TTM12210: Group arrangements
- TTM12220: Matters covered by group arrangement
- TTM12230: Details in notification of group arrangement
- TTM12240: HMRC's agreement to group arrangement
- TTM12250: Changes to membership of group
- TTM12260: Changes to details covered by group arrangement
- Close sectionMerger
- TTM12300: Merger - Meaning
- TTM12310: Merger between TT groups/companies
- TTM12320: Merger between TT and qualifying non-TT groups/companies
- TTM12330: Merger between TT and non-qualifying groups/companies
- TTM12340: Merger between non-qualifying and qualifying non-TT groups/companies
- TTM12350: Meaning of ‘dominant party’
- TTM12360: Meaning of ‘relevant activities’
- Close sectionDemerger
- Close sectionTTM13000: Partnerships: contents
- Close sectionOutline
- Close sectionOperation of ships
- Close sectionChargeable gains
- Close sectionThe ring fence
- Close sectionCapital allowances
- TTM13400: On entry into tonnage tax
- TTM13410: On exit from tonnage tax - introduction
- TTM13420: On exit from tonnage tax - Procedure
- TTM13430: On exit from tonnage tax - Example
- TTM13440: On exit from tonnage tax - Postponed allowances (free depreciation)
- TTM13450: On exit from tonnage tax - Compensatory payments between partners
- TTM13460: On exit from tonnage tax - Variations in share of partnership property
- Close sectionTTM14000: Exiting Tonnage Tax: contents
- Close sectionTypes of exit
- TTM14001: Types of exit
- TTM14010: Expiry of election
- TTM14020: Ceasing to be a qualifying company or group
- TTM14030: Ceasing to qualify, but remaining in Tonnage Tax group (not an exit)
- TTM14040: Operation of the merger provisions - voluntary exit
- TTM14050: Operation of the merger provisions - forced exit
- TTM14060: Exclusion for failing to meet 75 per cent test on charters-in
- TTM14070: Exclusion for tax avoidance
- TTM14080: Opportunity to exit tonnage tax - withdrawal election
- TTM14090: Effect of a withdrawal notice
- Close sectionEffects of exiting regime
- TTM14100: Effects of exiting regime
- TTM14110: Ten year disqualification
- TTM14120: Reasons relating wholly or mainly to tax
- TTM14200: Exit charge - General
- TTM14210: Exit charge - Chargeable gains
- TTM14220: Exit charge - Balancing charges
- TTM14230: Exit charge - if a company leaves tonnage tax more than once
- Close sectionTypes of exit
- Close sectionTTM15000: Background Material: contents
- Close sectionGlossary
- Close sectionShips
- Close sectionShipping contracts
- Close sectionGeneral shipping information
- TTM15200: Shipping organisations
- TTM15210: Liner conferences and pooling
- TTM15220: Marine insurance
- TTM15230: General average
- TTM15240: Brokers and agents for shipping companies - Types
- TTM15250: Brokers and agents for shipping companies - Appointment
- TTM15260: Brokers and agents for shipping companies - Commission
- Close sectionSeafarers (mariners)
- Close sectionTTM17000: Schedule 22 Finance Act 2000: contents
- Close sectionPart I introductory
- TTM17001: Para 1 Tonnage Tax
- TTM17006: Para 2 Tonnage Tax companies and groups
- TTM17011: Para 3 profits of Tonnage Tax company
- TTM17016: Para 4 Tonnage Tax profits - method of calculation
- TTM17021: Para 5 Tonnage Tax profits - calculation in case of joint operation etc
- TTM17026: Para 6 measurement of tonnage of ship
- Close sectionPart II Tonnage Tax elections
- TTM17031: Para 7 company or group election
- TTM17036: Para 8 method of making election
- TTM17041: Para 9 person by whom election to be made
- TTM17046: Para 10 when election may be made
- TTM17051: Para 11 power to provide further opportunities for election
- TTM17056: Para 12 when election takes effect
- TTM17061: Para 13 period for which election in force
- TTM17066: Para 14 effect of election ceasing to be in force
- TTM17071: Para 15 renewal election
- TTM17076: Para 15A withdrawal notices
- TTM17081: Para 15B power to provide further opportunities for withdrawal
- Close sectionPart III qualifying companies and groups
- TTM17086: Para 16 qualifying companies and groups
- TTM17091: Para 17 effect of temporarily ceasing to operate qualifying ships
- TTM17096: Para 18 meaning of operating a ship
- TTM17101: Para 19 qualifying ships
- TTM17106: Para 20 vessels excluded from being qualifying ships
- TTM17111: Para 20A qualifying dredgers and tugs
- TTM17116: Para 21 power to exclude other kinds of vessel
- TTM17121: Para 22 effect of change of use
- TTM17126: Para 22A rule for ships other than dredgers and tugs
- TTM17131: Para 22B meaning of terms used in Paragraph 22A
- TTM17136: Para 22C provisions supplementing Paragraphs 22A and 22B
- TTM17141: Para 22D rule on first operation of qualifying dredger or tug
- TTM17146: Para 22E rule on subsequent re-flagging of qualifying dredger or tug
- TTM17151: Para 22F restrictions where dredger or tug ceases to be qualifying ship
- Close sectionPart IV the training requirement
- TTM17156: Para 23 introduction
- TTM17161: Para 24 the minimum training obligation
- TTM17166: Para 25 meaning of ‘training commitment’
- TTM17171: Para 26 approval of initial training commitment
- TTM17176: Para 27 annual training commitment
- TTM17181: Para 28 supplementary provisions about training commitments
- TTM17186: Para 29 payments in lieu of training
- TTM17191: Para 30 monitoring of compliance with training commitment
- TTM17196: Para 31 higher rate of payment in case of failure to meet training commitment
- TTM17201: Para 32 certificate of non-compliance
- TTM17206: Para 33 certificates of non-compliance - supplementary provisions
- TTM17211: Para 34 disclosure of information
- TTM17216: Para 35 offences
- TTM17221: Para 36 general provisions about regulations
- Close sectionPart V other requirements
- TTM17226: Para 37 the requirement that not more than 75 per cent of fleet tonnage is chartered in
- TTM17231: Para 38 the 75 per cent limit - election not effective if limit exceeded
- TTM17236: Para 39 the 75 per cent limit - exclusion of company if limit exceeded
- TTM17241: Para 40 the 75 per cent limit - exclusion of group if limit exceeded
- TTM17246: Para 41 the requirement not to enter into tax avoidance arrangements
- TTM17251: Para 42 tax avoidance - exclusion from tonnage tax
- TTM17256: Para 43 appeals
- TTM17258: Para 43A compliance with safety standards
- Close sectionPart VI relevant shipping profits
- TTM17261: Para 44 introduction
- TTM17266: Para 45 Tonnage Tax activities
- TTM17271: Para 46 core qualifying activities
- TTM17276: Para 47 qualifying secondary activities
- TTM17281: Para 48 qualifying incidental activities
- TTM17286: Para 49 relevant shipping income - distributions of overseas shipping companies
- TTM17291: Para 50 relevant shipping income - certain interest etc
- TTM17296: Para 51 general exclusion of investment income
- Close sectionPart VII the ring fence
- TTM17301: Para 52 accounting period ends on entry or exit
- TTM17306: Para 53 Tonnage Tax trade
- TTM17311: Para 54 profits of controlled foreign companies
- TTM17316: Para 55 general exclusion of reliefs, deductions and set-offs
- TTM17321: Para 56 exclusion of loss relief
- TTM17326: Para 57 exclusion of relief or set-off against tax liability
- TTM17331: Para 58 transactions not at arm's length - between Tonnage Tax company and another person
- TTM17336: Para 59 transactions not at arm's length - between Tonnage Tax trade and other activities of same company
- TTM17341: Para 60 transactions not at arm's length - duty to give notice
- TTM17346: Para 61 treatment of finance costs - single company
- TTM17351: Para 62 treatment of finance costs - group company
- TTM17356: Para 63 meaning of ‘finance costs’
- Close sectionPart VIII chargeable gains and allowable losses on Tonnage Tax assets
- Close sectionPart IX the ring fence - capital allowances
- TTM17381: Para 68 introduction
- TTM17386: Para 69 entry - plant and machinery - assets to be used wholly for Tonnage Tax trade
- TTM17391: Para 70 entry - plant and machinery - assets to be used partly for Tonnage Tax trade
- TTM17396: Para 71 entry - ships acquired and disposed of within twelve months
- TTM17401: Para 72 entry - deferred balancing charge on disposal of ship
- TTM17406: Para 73 during - plant and machinery - new expenditure partly for Tonnage Tax purposes
- TTM17411: Para 74 during - plant and machinery - asset beginning to be used for Tonnage Tax trade
- TTM17416: Para 75 during - plant and machinery - change of use of Tonnage Tax asset
- TTM17421: Para 76 during - plant and machinery - change of use of non-Tonnage Tax asset
- TTM17426: Para 77 during - plant and machinery - disposals
- TTM17431: Para 78 during - plant and machinery - reduction of balancing charges
- TTM17436: Para 79 during - plant and machinery - giving effect to balancing charge
- TTM17441: Para 80 during - plant and machinery - deferment of balancing charge
- TTM17446: Para 81 during - plant and machinery - surrender of unrelieved qualifying expenditure
- TTM17451: Para 82 during - industrial buildings - mixed use
- TTM17456: Para 83 during - industrial buildings - balancing charges
- TTM17461: Para 84 during - industrial buildings - residue of qualifying expenditure
- TTM17466: Para 85 exit - plant and machinery
- TTM17471: Para 86 exit - industrial buildings
- TTM17476: Para 87 meaning of ‘not entitled to capital allowances’
- TTM17481: Para 88 interpretation
- Close sectionPart X the ring fence - capital allowances - ship leasing
- TTM17486: Para 89 introduction
- TTM17491: Para 89A quantitative restrictions not to apply to ordinary charters
- TTM17496: Para 90 defeased leasing
- TTM17501: Para 91 defeased leasing - excepted forms of security
- TTM17506: Para 91A long funding leases; conditions for alternative treatment
- TTM17511: Para 91B lease to Tonnage Tax company or group
- TTM17516: Para 91C Tonnage Tax company to operate qualifying ship
- TTM17521: Para 91D Period and rate of sublease of qualifying ship
- TTM17526: Para 91E anti-avoidance
- TTM17531: Para 91F consequences of Paragraph 91A(2) ceasing to have effect
- TTM17536: Para 92 sale and lease-back arrangements
- TTM17541: Para 93 certificates required to support claim by finance lessor
- TTM17546: Para 94 quantitative restrictions on allowances
- TTM17551: Para 95 quantitative restrictions - further provisions as to rate bands, limit and pooling
- TTM17556: Para 96 quantitative restrictions - meaning of ‘cost of providing ship’
- TTM17561: Para 97 quantitative restrictions - treatment of disposal proceeds
- TTM17566: Para 98 quantitative restrictions - change of circumstances bringing case within restrictions
- TTM17571: Para 99 quantitative restrictions - change of circumstances taking case out of restrictions
- TTM17576: Para 100 determination of tax written down value, etc
- TTM17581: Para 101 quantitative restrictions - power to alter amounts by regulations
- TTM17586: Para 102 exclusion of leases entered into on or before 23 December 1999
- Close sectionPart XI offshore activities
- TTM17591: Para 103 introduction
- TTM17596: Para 104 meaning of ‘offshore activities’
- TTM17601: Para 105 vessels to which special provisions do not apply
- TTM17606: Para 106 treatment of periods of inactivity
- TTM17611: Para 107 profits from offshore activities to be computed according to ordinary rules
- TTM17616: Para 108 application of ring fence provisions
- TTM17621: Para 109 chargeable gains from assets used for offshore activities
- TTM17626: Para 110 capital allowances - general
- TTM17631: Para 111 capital allowances - proportionate reduction of allowances
- TTM17636: Para 112 capital allowances - notional qualifying expenditure - existing assets
- TTM17641: Para 113 capital allowances - notional qualifying expenditure - new assets
- TTM17646: Para 114 the training requirement
- TTM17651: Para 115 interpretation
- Close sectionPart XII groups
- TTM17656: Para 116 meaning of ‘group’ and ‘member of group’
- TTM17661: Para 117 companies treated as controlled by an individual
- TTM17666: Para 118 meaning of ‘control’
- TTM17671: Para 119 company not to be treated as member of more than one group
- TTM17676: Para 120 arrangements for dealing with group matters
- TTM17681: Para 121 meaning of ‘merger’ and ‘demerger’
- TTM17686: Para 122 merger - between Tonnage Tax groups or companies
- TTM17691: Para 123 merger - Tonnage Tax group or company and qualifying non-Tonnage Tax group or company
- TTM17696: Para 124 merger - Tonnage Tax group or company and non-qualifying group or company
- TTM17701: Para 125 merger - non-qualifying group or company and qualifying non-Tonnage Tax group or company
- TTM17706: Para 126 meaning of ‘dominant party’ in relation to merger
- TTM17711: Para 127 demerger - single company
- TTM17716: Para 128 demerger - group
- TTM17721: Para 129 duty to notify Inland Revenue of group changes
- Close sectionPart XIII partnerships
- TTM17726: Para 130 introduction
- TTM17731: Para 131 calculation of partnership profits
- TTM17736: Para 132 qualifying partnerships
- TTM17741: Para 133 ships owned by or chartered to partners
- TTM17746: Para 134 transactions not at arm's length
- TTM17751: Para 135 adjustments for capital allowance purposes
- TTM17756: Para 136 general
- Close sectionPart XIV leaving Tonnage Tax
- Close sectionPart XV supplementary provisions
- TTM17786: Para 142 meaning of ‘ship’
- TTM17791: Para 143 meaning of ‘on bareboat charter terms’
- TTM17796: Para 144 meaning of ‘associate’
- TTM17801: Para 145 exercise of functions conferred on ‘the Inland Revenue’
- TTM17806: Para 146 meaning of ‘company’ and related expressions
- TTM17811: Para 147 index of defined expressions
- Close sectionPart I introductory
- Close sectionTTM18000: The Tonnage Tax Regulations 2000: contents
- TTM18001: Regulation 1 Citation and commencement
- TTM18002: Regulation 2 interpretation
- TTM18003: Regulation 3 qualifying secondary activities
- TTM18004: Regulation 4 Plant and machinery other than expensive motor cars and long life assets - writing down basis
- TTM18005: Regulation 5 Expensive motor cars - writing down basis
- TTM18006: Regulation 6 long-life assets - writing down basis
- TTM18007: Regulation 7 Plant and machinery used for the purposes of the company's offshore activities - writing-down basis
- TTM18008: Regulation 8 adjustments to be made for capital allowance purposes to the amount of qualifying expenditure for assets where a corporate partner leaves Tonnage Tax
- TTM18009: Regulation 9 Corporate partners - modifications of the requirements for being a qualifying company (with supplementary provision relating to finance leases)
- TTM18010: Regulation 10 Corporate partners - modifications of the requirements for being a qualifying company (with supplementary provision relating to finance leases)
- TTM18011: Regulation 11 ships chartered to partners - further provision relating to chartering in
- TTM18012: Regulation 12 Chargeable gains - use of assets by partnerships which include corporate partners
- TTM18013: Regulation 13 Transactions not at arm's length between a partnership (where a corporate partner is a Tonnage Tax company) and another partner
- TTM18100: PV EXPLANATORY NOTE
- Close sectionTTM19000: The Tonnage Tax (Training Requirement) Regulations 2000: contents
- TTM19001: Regulation 1 Citation and commencement
- TTM19002: Regulation 2 interpretation
- TTM19003: Regulations 3 to 6 The minimum training obligation
- TTM19007: Regulation 7 meaning of eligible officer trainee
- TTM19008: Regulations 8 to 11 The training commitment
- TTM19012: Regulation 12 End of period adjustments
- TTM19013: Regulations 13 to 18 Payments in lieu of training
- TTM19019: Regulation 19 directions to provide information
- TTM19020: Regulation 20 Audits
- TTM19021: Tonnage Tax (Training Requirement) Regulations 2000: Regulation 21
- TTM19022: Regulations 22 to 24 Certificate of non-compliance
- TTM19025: Regulation 25 disclosure of information
- TTM19100: EXPLANATORY NOTE
- Close sectionTTM20000: Schedule 7 Finance Act 2005: contents
- TTM20001: Introduction
- TTM20002: Period for which election is in force
- TTM20003: Withdrawal notices
- TTM20004: Qualifying Ships
- TTM20005: Vessels excluded from being qualifying ships
- TTM20006: Qualifying dredgers and tugs
- TTM20007: Effect of change of use
- TTM20008: Flagging - rule for ships other than dredgers and tugs
- TTM20009: Flagging - meaning of terms
- TTM20010: Flagging - supplementary provisions
- TTM20011: Flagging - rules for dredgers and tugs
- TTM20012: Flagging - dredger or tug ceases to be qualifying ship
- TTM20013: Compliance with safety etc standards
- TTM20014: The ring fence - capital allowances
- TTM20015: Capital allowances - exit
- TTM20016: Capital allowances - ship leasing
- TTM20017: Meaning of ‘offshore activities’
- TTM20018: Vessels to which the special rules for offshore activities do not apply
- TTM20019: Index of defined expressions
- TTM20020: Commencement date of provisions
- TTM20021: Transitional provision - qualifying activities
- TTM20022: Flagging - order designating financial year 2005
- TTM20023: Transitional provision - flagging
- TTM20024: Statutory Instrument 2005 No 1449 Further Opportunity for Election
- TTM20025: The Tonnage Tax (Exception of Financial Year 2005) Order 2005
- TTM20026: The Tonnage Tax (Exception of Financial Year 2006) Order 2006
- TTM20027: The Tonnage Tax (Exception of Financial Year 2007) Order 2007
- TTMGLOSSARY: Glossary
- TTMUPDATE001: update index