SCHEDULES
SCHEDULE 22

Tonnage tax
Part III

Qualifying companies and groups

Flagging: rule on first operation of qualifying dredger or tug
22D
1
This paragraph applies if—
a
a company begins to operate a ship which—
i
is a qualifying dredger or a tug,
ii
would, apart from this paragraph, be a qualifying ship, and
iii
has not previously been operated by the company or, if the company is a member of a group, by any member of the group, and
b
on the date on which the company so begins to operate the ship, the ship is not registered in one of the Member States' registers.
2
The ship shall not, at any time on or after that date, be regarded as—
a
a qualifying ship operated by the company, or
b
if immediately before that date the company is a member of a group, a qualifying ship operated by any company that is or becomes a member of the group.
3
But sub-paragraph (2) does not apply if the ship has become registered in one of the Member States' registers by the end of the period of three months beginning with that date.
Sch. 22 paras. 22D-22E and cross-headings inserted (1.7.2005) by Finance Act 2005 (c. 7), Sch. 7 paras. 9, 18(1) (with Sch. 7 paras. 19-21)