23(1)It is a condition of entering tonnage tax or making a renewal election that—U.K.
(a)in the case of a single company, the company, or
(b)in the case of a group, the group,
meets certain minimum obligations in connection with the training of seafarers.
(2)The provisions of this Part of this Schedule have effect for securing that result.
[F1(3)The condition mentioned in sub-paragraph (1) does not apply to—
(a)a company that does not operate any qualifying ships, or
(b)a group that does not have any members that operate one or more qualifying ships.]
Textual Amendments
F1Sch. 22 para. 23(3) inserted (with effect in accordance with Sch. 8 para. 8 of the amending Act) by Finance Act 2024 (c. 3), Sch. 8 para. 6