TTM03620 - Qualifying companies and ships: Excluded vessels
A number of types of ship are specifically excluded from tonnage tax by FA00/SCH22/PARA20 and PARA20A.
The definition of a qualifying ship, and the rules governing the exclusion of certain ships, are framed in terms of the use made of the ship. It is therefore important to look at what the ship is being used for when considering whether a ship is an excluded vessel.
Where a company charters out a ship, the end-use by the charterer is determinative of whether a ship is qualifying. This also applies when the ship is chartered for a single voyage. Excluded vessels are:
- TTM03630Â Â Â Â Â Â Pleasure craft
- TTM03635Â Â Â Â Fishing vessels or factory ships
- TTM03640Â Â Â Â Harbour, river and estuary ferries
- TTM03645Â Â Â Â Offshore installations
- TTM03670Â Â Â Â Tankers dedicated to a particular oilfield
- TTM03680Â Â Â Â Tugs other than qualifying tugs
- TTM03690Â Â Â Â Dredgers other than qualifying dredgers
Power to amend list of excluded vessels
The Treasury, by order, may add or remove types of vessel from the above list.