TTM01000 - Introduction
This section explains the introduction of tonnage tax and how the administration of tonnage tax is organised in HMRC. It summarises the general principles of tonnage tax, how to calculate tonnage tax profits and how the FA 2005 changes affected the regime.
Table of contents
Background
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Origin and brief chronology of Tonnage Tax |
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Explanatory leaflet on Tonnage Tax |
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The legislation and the statement of practice |
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Legislative changes in 2005 |
Organisation
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Distribution of cases |
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Dealing with enquiries |
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Contact points |
General principles
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General principles of Tonnage Tax |
Tonnage tax profits
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Method of calculation |
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Joint interest in same ship at same level |
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Multiple interests in same ship at different levels |
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Measurement of tonnage |
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Example of computation |
Tonnage tax return
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The tonnage tax return (CT600F) |
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Action on receipt of CT600F |
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Issues for consideration if examining the CT600F return |
