Finance Act 2024 (c. 3)

Schedules

Schedule 8 U.K. Tonnage tax

Tonnage tax activities include activities in managing ships U.K.

4 In paragraph 46 (core qualifying activities)—

(a) in sub-paragraph (1)—

(i) in paragraph (a), after “operating” insert “or managing”, and

(ii) in paragraph (b), after “operating” insert “or managing”, and

(b) after sub-paragraph (2) insert—

“(3) A company’s activities in managing qualifying ships means its participation in the activities mentioned in that paragraph by virtue of which the ship is a qualifying ship.”