Tonnage tax
Anti-avoidance provisions
Appeals
Appeals against exclusions
Associate, meaning
Avoidance of tax, requirement not to enter in
Bareboat charter terms, meaning
Capital allowances, ring fencing of
Disposal of plant and machinery, lessor companies
Effect of lessee's joining the regime
Effect of lessee's leaving the regime
Generally
Industrial buildings
Lessors: complete denial
Lessors: generally
Lessors: long funding leases
Lessors: quantitative restriction
Offshore activities
Plant and machinery allowances
Sales of lessors
Ship leasing
Transfer of trade
Chargeable gains and allowable losses
Disposal of tonnage tax asset
Losses brought forward
Offshore activities
Roll-over relief for business assets
Tonnage tax assets
Chargeable gains/allowable losses
Assets qualifying for special treatment
Capital losses brought forward
Effect of ring fence
Exit charge
Partnerships
Roll-over relief
Chartered-in, 75 per cent test
Community flagging rules
Compliance with standards
Control
Controlled foreign companies
Controlled foreign companies profits
Definitions
Definitions and terms
Demergers
Elections
Ceasing to be in force
Clearance procedures
Company or group
Further period for making
Generally
Initial period
Method of making
Period for which election in force
Period in force
Person by whom election to be made
Power to provide further opportunities
Procedures
Renewal
Taking effect
Ten-year period
Timing
When election may be made
When election takes effect
Withdrawal notices
Environmental performance standards, compliance with
Exit charge
Balancing charges
Chargeable gains
Finance costs
Group company
Long funding operating lease
Meaning
Single company
Finance leases
Financial year
Flagging
Flagging rules
Generally
Member states registers, meaning
Qualifying dredgers and tugs
Ships other than dredgers and tugs
Subsequent re-flagging of qualifying dredgers or tugs
General operation
Generally
Groups
Groups of companies
Arrangements for dealing with group matters
Control
Meaning
Mergers and demergers
Treatment as member of more than one group
Health and safety standards, compliance with
Industrial buildings allowances
Balancing charges
Mixed use
Industrial buildings rules
Leasing ships
Leasing ships, capital allowances
Certificates required to support claim by finance lessor
Defeased leasing
Determination of tax written down value etc.
Exception for ordinary charters
Finance leases
Generally
Long funding leases
Quantative restrictions
Sale and lease-back arrangements
Lessor companies
Disposal of plant and machinery
Sales of
Transfer of trade
Loss relief
Machinery and plant allowances
Adjustments to amount of qualifying expenditure where corporate partner leaves tonnage tax
Asset beginning to be used for tonnage tax trade
Balancing charge, giving effect to
Change of use of non-tonnage tax asset
Change of use of tonnage tax asset
Defeased leasing
Deferment of balancing charge
Definitions
Disposals
Exit from tonnage tax
Expensive motor cars, writing-down basis
Generally
Leasing
Long-life assets, writing-down basis
New expenditure partly for tonnage tax purposes
Not entitled, meaning
Offshore activities
Partly used assets
Pre-entry period, limit
Reduction of balancing charges
Surrender of unrelieved qualifying expenditure
Wholly used assets
Writing-down allowances
Measurement of tonnage of ship
Mergers
Mergers and demergers, meaning
Offshore activities
Capital allowances
Chargeable gains
Computation of profits
De minimis offshore use ignored
Effect of rules
Excluded activities
Excluded ships (pre-30 June 2005)
Generally
Meaning
Periods of inactivity
Ring fence provisions
Ships not being used
Training requirement
Training requirement, effect
UK sector of the continental shelf
Partnerships
Calculation of 75 per cent limit
Calculation of profits
Capital allowances, adjustments for
Chargeable gains/allowable losses
Generally
Operation of qualifying ships
Partner leaving tonnage tax, capital allowances
Qualifying partnerships
Ships owned by or chartered to
Training costs in respect of offshore use
Transactions not at arm's length
Transfer pricing
Payments in lieu of training
Calculation and payment
Calculation by Secretary of State
Compliance
Generally
Information required
Plant and machinery allowances
Change of use of an asset
Disposals
Entry into tonnage tax
Ships on entry into tonnage tax
Surrender of unrelieved qualifying expenditure between group members
Prescribed and specified
Qualifying companies and groups
75 per cent limit of fleet tonnage
Change of use of ship
Generally
Operating a ship, meaning
Qualifying company, meaning
Qualifying dredgers and tugs
Qualifying group, meaning
Qualifying ship, meaning
Qualifying ships
Strategic and commercial management test
Temporarily ceasing to operate qualifying ships
Temporary cessation of operating a qualifying ship
Transitional provisions
Vessels excluded from qualifying ships
Qualifying secondary activities
Qualifying ships
Change of use, effect of
Community flagged
Dredgers and tugs
Excluded vessels
Meaning
Temporarily ceasing to operate
Registration in Member States (flagging)
Relevant shipping profits
Cable layers
Core qualifying activities
Crane barges
Distributions from overseas shipping companies
Diving support vessels
Excluded profits
Gambling
Interest treated as
Investment income exclusion
Investment income, general exclusion
Merchant adventurers
Passengers
Pooled liner services
Qualifying incidental activities
Qualifying secondary activities
Relevant shipping income
Sale of luxury goods
Slot charters
Specialist ships
Survey ships
Tonnage tax activities
Ring fence
Accounting period
Cessation of accounting period
Chargeable gains/allowable losses, effect on
Controlled foreign companies
Controlled foreign companies, profits
Exclusion of reliefs, deductions and set-offs
Finance costs
Loss relief
Loss relief exclusion
No reliefs, deductions and set-offs
Separate trade
Set-off against tax liability, exclusion of relief
Tax liability, exclusion of relief or set-off
Tonnage tax trade
Transfer pricing
Safety etc. standards, compliance with
Safety standards, compliance with
Sale of lessor company, company joining tonnage tax group
Sales of lessor companies
Ship, meaning
Statutory provisions
Summary of rules
Tonnage tax company, meaning
Tonnage tax group
Tonnage tax profits
Calculation in case of joint operations
Generally
Method of calculation
Trading income
Training requirement
Annual training commitment
Approval of initial training commitment
Audits
Certificate of non-compliance
Disclosure of information
Eligible officer trainees
End of period adjustment
Higher rate of payment in case of failure to meet
Minimum obligation
Monitoring compliance
Offences
Offshore activities
Payments in lieu of training
Regulations
Supplementary provisions
Training commitment
Training requirements
Approval of training commitments
Basic rules
Calculating number of officers required
Contents of training commitments
Criminal offences
End-of-period adjustments
Feasibility of adopting options
Information exchange
Initial and annual training commitments
Minimum training obligation
Non-compliance certificates
Offshore activities
Partnerships, offshore activities
Payments in lieu of training
Penalties for failure to meet requirements
Transfer pricing
Generally
Partnerships
Ring fence
Transfers of trade and lessor companies
Transfers of trades
Withdrawal notices
Withdrawal of relief etc. company leaving tonnage tax
Exit charge
Generally
Withdrawal of relief, company ceasing to be tonnage tax company
Exit charge, balancing charges
Exit charge, chargeable gains
Ten-year disqualification period from re-entry
Working conditions, compliance with standards