Many of the technical terms used in Tonnage Tax are defined in the legislation (andlisted in paragraph 147):

Term Legislation TTM reference
75% limit FA00/SCH22/PARA37 TTM17037


Term Legislation TTM reference
agent TTM15240
associate (of an individual): FA00/SCH22/PARA144 TTM17144


Term Legislation TTM reference
bareboat charter terms FA00/SCH22/PARA143 TTM17143 TTM15110
bills of lading TTM15140
broker TTM15240


Term Legislation TTM reference
capital allowances (in Part IX) FA00/SCH22/PARA88(1) TTM17088
certificate of non-compliance (with training requirement) FA00/SCH22/PARA32 TTM17032
charter by demise TTM15110
company FA00/SCH22/PARA146 TTM17146
company election FA00/SCH22/PARA71(a) TTM17071
conference (liner or shipping) TTM15210
contracts of affreightment TTM15100
control FA00/SCH22/PARA118 (also FA00/SCH22/PARA117) TTM17118 TTM17117
controlled foreign company FA00/SCH22/PARA146 TTM17146
core qualifying activities FA00/SCH22/PARA46 TTM17046
cost of providing the ship (in Part X) FA00/SCH22/PARA96 TTM17096


Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.