Updates: Tonnage Tax Manual
2024
New page added 'Legislative changes following the 2021 review'
Relevant shipping profits: Core qualifying activities
Addition of transactions relating to greenhouse gas emissions pricing mechanisms (unless purely speculative) to the list of examples of core qualifying activities
Text redacted 'found in the Knowledge library' and subsections removed.
Capital allowances: Capital allowances after exiting from tonnage tax
Editorial and update
Qualifying companies and ships: When does a new ship first become a qualifying ship?
Clarification
Qualifying companies and ships: Fishing vessels or factory ships
Clarification of factory ship definition.
Qualifying companies and ships: Qualifying tugs - flagging
Update - repeal of flag link for tugs
Introduction to tonnage tax: Tonnage tax profits:
Update including managed ships, and editorial
Qualifying companies and ships: Operating or managing a ship - meaning
Further explanation added
The training requirement: Administration
Updated DfT contact email address
Introduction to tonnage tax: Background
Updates legislative changes
Relevant shipping profits: Outline
Updated for management of ships
Relevant shipping profits: Outline
Updated of management of ships
The 75% limit on charters-in: Outline
Updated for management of ships
The training requirement Condition for entering tonnage tax: Outline
Updated for management of ships
Qualifying companies and ships: Strategic and commercial management - chartering in
Clarification of the chartering-in rules
Qualifying companies and ships: Effect of change of use
Updated to include management of ships
Qualifying companies and ships: Operating or managing a ship - meaning
Updated to include management of ships
Qualifying companies and ships: Termination of election to remain in tonnage tax
Updated to include management of ships
Qualifying companies and ships: Qualifying company
Updated to include management of ships
Qualifying companies and ships: Election to remain in tonnage tax
Updated to include management of ships
Introduction to tonnage tax: a brief guide
Includes tonnage tax rates for managed ships
Introduction to tonnage tax: Background
Updated Chronology
Ship leasing: Quantitative restrictions on allowances
Updated to include new capital allowance limits
Ship leasing: Quantitative restrictions on allowances
Updated to include new capital allowance limits
Ship leasing: Quantitative restrictions on allowances
Updated Special Pool Rate and link to CA28450
Ship Leasing: Quantitative restrictions on allowances
Updated with current writing down allowance rates
Ship leasing: Quantitative restrictions on allowances
Update Special Pool Rate
Ship leasing: Quantitative restrictions on allowances
Updated Special Pool rate and link to CA28450
Ship Leasing: Quantitative restrictions on allowances
Updated with current Special Pool Rate
Ship leasing: Quantitative restrictions on allowances
Updated Special Pool Rate
Ship leasing: Quantitative restrictions on allowances
Updated Special Pool Rate
2023
Qualifying companies and ships: Strategic and commercial management
Update to recognise departure from EU/EEA.
Qualifying companies and ships: Dredgers
Update and removal of references to flagging rules
Editorial correction and title change
Introduction to tonnage tax: Background
Update for new election window
Introduction to tonnage tax: a brief guide
Update for new election window
The training requirement Condition for entering tonnage tax: Outline
Update for training ratings.
Tonnage tax elections: When to elect
Update for new election windoe
Update for new election window
Tonnage tax elections: When election takes effect
Update for new election window
Qualifying companies and ships: Flagging - condition 2
Amended formatting of table to meet accessibility
Qualifying companies and ships: Flagging - tugs and dredgers
Amendments to formatting of table to meet accessibility
Qualifying companies and ships: Strategic and commercial management
Update reflecting removal of EU flagging rules.
Update reflecting removal of EU flagging rules.
2022
Introduction to tonnage tax: Organisation
Update of contact details
Introduction to tonnage tax: a brief guide
Contact details update
Introduction to tonnage tax: a brief guide
Address change
Introduction to tonnage tax: Organisation
Address update
Ship leasing: Quantitative restrictions on allowances
Update and editorial
Introduction to tonnage Tax: General principles of tonnage Tax
Update for legislation change.
Introduction to tonnage tax: a brief guide
Update including for FA 2022 change.
Qualifying companies and ships: Flagging - introduction
Repeal of flagging rules
Qualifying companies and ships: Flagging - excepted years
Repeal of flagging rules
Qualifying companies and ships: Flagging - overview
Repeal of flagging rules
Qualifying companies and ships: Flagging - condition 1
Repeal of flagging rules
Qualifying companies and ships: Flagging - condition 2
Repeal of flagging rules
Qualifying companies and ships: Flagging - condition 3
Repeal of flagging rules
Qualifying companies and ships: Flagging - substitute ships
Repeal of flagging rules
Qualifying companies and ships: Flagging - tugs and dredgers
Repeal of flagging rules
Qualifying companies and ships: flagging - member-states鈥� registers
Repeal of flagging rules
Qualifying companies and ships: Towage, salvage or other marine assistance
Repeal of flagging rules
Qualifying companies and ships: Tugs other than qualifying tugs
Repeal of flagging rules
Qualifying companies and ships: Qualifying tugs - flagging
Repeal of flagging rules
Repeal of flagging rules
Repeal of flagging rules
Repeal of flagging rules
Repeal of flagging rules
Repeal of flagging rules
Repeal of flagging rules
Repeal of flagging rules
Schedule 22 Finance Act 2000: Part V other requirements - Para 43A compliance with safety standards
Reflects amendment to legislation
Relevant shipping profits: Distributions from qualifying overseas shipping companies
Reflects amendment made by FA 2022
Tonnage tax elections: Outline
Update for FA 2022 amendment
Introduction to tonnage tax: Tonnage tax as a State aid
Update
Tonnage tax elections: When to elect
New power to accept delayed elections.
Tonnage tax elections: Renewal election
Update for legislative change
More detail on HMRC interpretation of the meaning of vessels engaged in transport by sea in connection with other services necessarily provided at sea.
Qualifying companies and ships: Strategic management
Further detail
Qualifying companies and ships: Commercial management
Clarification of HRMC interpretation.
Qualifying companies and ships: Strategic and commercial management - additional factors
Clarification of HMRC practice and additional detail
Relevant shipping profits: Secondary activities qualifying up to set limits
Revised view of negligible.
Relevant shipping profits: Secondary activities qualifying up to set limits
Revised view of negligible.
Tonnage Tax Manual: recent changes
Page archived 鈥� Old legacy update page no longer required.
Page archived 鈥� Old legacy update page no longer required.
Tonnage Tax Manual: recent changes
Page archived 鈥� Old legacy update page no longer required.
Tonnage Tax Manual: recent changes
Page archived 鈥� Old legacy update page no longer required.
Tonnage Tax Manual: recent changes
Page archived 鈥� Old legacy update page no longer required.
Tonnage Tax Manual: recent changes
Page archived 鈥� Old legacy update page no longer required.
Tonnage Tax Manual: recent changes
Page archived 鈥� Old legacy update page no longer required.
Tonnage Tax Manual: recent changes
Page archived 鈥� Old legacy update page no longer required.
Tonnage Tax Manual: recent changes
Page archived 鈥� Old legacy update page no longer required.
Tonnage Tax Manual: update index
Page archived 鈥� Old legacy update page no longer required.
Tonnage Tax Manual: recent changes
Page archived 鈥� Old legacy update page no longer required.
2021
Tonnage tax elections: Pre-election clearance
update changes following review
Qualifying companies and ships: Flagging - condition 2
Update
Qualifying companies and ships: Flagging - substitute ships
Update
Clarification, editorial and update
Introduction to tonnage tax: Tonnage tax as a State aid
Update.
Tonnage tax elections: Pre-election clearance
Update
Qualifying companies and ships: Commercial management
Update
Introduction to tonnage tax: Legislative changes in 2005
Update.
Introduction to tonnage Tax: General principles of tonnage Tax
Update.
Qualifying companies and ships: Strategic and commercial management
Update.
The ring fence: Interaction of finance costs and transfer pricing
Update.
2020
Qualifying companies and ships: Flagging - introduction
Update.
Qualifying companies and ships: Flagging - overview
Update.
Qualifying companies and ships: Flagging - condition 2
Update.
Qualifying companies and ships: Flagging - condition 3
Update.
Qualifying companies and ships: Flagging - substitute ships
Update.
Qualifying companies and ships: Flagging - tugs and dredgers
Update.
Qualifying companies and ships: flagging - member-states鈥� registers
Update.
Qualifying companies and ships: Qualifying tugs - flagging
Update.
Relevant shipping profits: Distributions from qualifying overseas shipping companies
Update.
2018
Qualifying companies and ships: Flagging - excepted years
Update to reflect that financial year 2018 is an "excepted year".