TTM16000 – Statement of Practice

Table of contents - SP4/00

TTM16001Introduction

TTM16002Allocation of cases

TTM16005Contacting the Inland Revenue

TTM16008Clearance

TTM16015Foreign company/group

TTM16017Group arrangements

TTM16022The tonnage tax election

TTM16032Qualifying companies and qualifying shipsShips
TTM16033

Strategic and Commercial management
TTM16042

Examples of strategic and commercial management
TTM16045

Temporary cessations
TTM16049

Seagoing
TTM16050

Excluded vessels
TTM16052The 75% limit

TTM16055Anti-avoidance

TTM16057Relevant shipping profitsCore qualifying activities
TTM16061

Tugs
TTM16063

Vessels providing transport for services at sea
TTM16066

Merchant adventurers
TTM16069

Pooling on liner services
TTM16072

Secondary activities
TTM16084

Passengers
TTM16086

Gambling
TTM16089

Sale of luxury goods
TTM16092

Slot charters
TTM16093

Incidental activities
TTM16096

Distributions of overseas shipping companies
TTM16104

Exclusion of interest income etc
TTM16106The ring fenceTransfer pricing
TTM16107

Finance costs
TTM16109Capital allowancesTransfers of ships within a tonnage tax group
TTM16111

Industrial buildings
TTM16112Finance leasing

TTM16121Offshore activities

TTM16126Groups mergers, & related matters

TTM16128Corporate partnerships

TTM16131Exit charges

TTM16201Annexe on finance costsBroad approach of the legislation
TTM16205

Computational principles
TTM16208

Definition of finance costs
TTM16209

Determining the just and reasonable fraction
TTM16212

Examples



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