TTM17616 - Schedule 22 Finance Act 2000: Offshore Activities

Application of ring fence provisions

FA00/SCH22/PARA108

(1) The provisions of Part VII (the ring fence: general provisions) apply in relation to a company's offshore activities as if they were not tonnage tax activities.

(2) The provisions of this Schedule apply in relation to a company's offshore profits as they apply to profits other than relevant shipping profits.

References