SCHEDULES

SCHEDULE 22 Tonnage tax

Part III Qualifying companies and groups

Vessels excluded from being qualifying ships

20

1

The following kinds of vessel are not qualifying ships for the purposes of this Schedule—

a

fishing vessels or factory ships;

b

pleasure craft;

c

harbour or river ferries;

d

offshore installations;

e

tankers dedicated to a particular oil field;

F2f

dredgers other than qualifying dredgers.

2

In sub-paragraph (1)(a) “factory ship” means a vessel providing processing services for the fishing industry.

3

In sub-paragraph (1)(b) “pleasure craft” means a vessel of a kind whose primary use is for the purposes of sport or recreation.

4

In sub-paragraph (1)(c) “harbour or river ferry” means a vessel used for harbour, estuary or river crossings.

F15

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6

For the purposes of sub-paragraph (1)(e) whether a tanker is dedicated to a particular oil field shall be determined in accordance with section 2 of the M1Oil Taxation Act 1983 (dedicated mobile assets).

F37

In this Schedule “qualifying dredger” means a dredger which—

a

is self-propelled, and

b

is constructed or adapted for the carriage of cargo;

(but see further paragraph 20A).