TTM03610 - Qualifying Companies & Ships: Use of ship

Goods and services normally provided on land

Examples of disallowable types of business

A vessel cannot be a qualifying ship if the main purpose for which it is used is the provision of goods or services of a kind normally provided on land.

Examples of businesses where we will apply this rule include:

• retailers (including shops, and supermarkets)
• restaurants
• hotels - a ship based holiday where the ship remains moored and there is no sea transportation element does not qualify for Tonnage Tax
• prisons
• radio stations
• casinos - a ship that sails out of territorial waters to operate gambling facilities does not qualify for tonnage tax.
• financial service providers
• offices

This list is not exhaustive.

References