Recent updates to the Tonnage Tax Manual

Section

Details of update

TTM01001

Further legislative changes

TTM01010

Clarification of what is a qualifying ship. Further guidance on how a company enters TT, and the computation of tonnage tax profits of ships laid up.

TTM01020

Further legislation

Removal of references to the Statement of Practice

TTM01030

Summary of FA 2005 changes

TTM02001

All elections and clearance applications will be handled by the Tonnage Tax Unit

TTM02070

Group arrangements and a representative group

TTM02180

Further window of opportunity to elect into tonnage tax

TTM02190

Details of the further window of opportunity running to 31 December 2006

TTM02210

Backdating an election made in a further window of opportunity

TTM02220

Deferring an election in a further window of opportunity

TTM02265

When an election by a foreign company tax effect

TTM02700

Withdrawal notices

TTM02710

Effect of a withdrawal notice

TTM02720

Withdrawal notice in a window of opportunity

TTM03050

Guidance on group elections

TTM03170

Further guidance on bareboat charters out

TTM03500

Further guidance on the meaning of a qualifying ship

TTM03510

Further guidance on what is a seagoing ship

TTM03515

Further guidance on certification of ships

TTM03520

Guidance on ships with restricted Passenger Certificates

TTM03530

Further guidance on ships operating in sheltered waters

TTM03545

Guidance on carriage by sea of passengers

TTM03550

Guidance on carriage by sea of cargo

TTM03560

Further guidance on tugs and anchor handling tug supply vessels (AHTS’s)

TTM03570

Guidance on treatment of profits from transport in connection with other services of a kind necessarily provided at sea

TTM03580

Qualification of when a ship becomes a qualifying ship

TTM03595

A qualifying ship must be operating at sea. Guidance is given here.

TTM03680

Guidance on tugs that are not qualifying ships

TTM03685

A qualifying tug must be flagged on one of the Member States registers

TTM03690

Guidance on dredgers that are qualifying ships

TTM03695

Guidance on activities of ships qualifying under para 19(1)(d)

TTM03700

Further guidance on when a ship ceases to satisfy the conditions for a qualifying ship

TTM03800

Further guidance on the principles behind the strategic and commercial management tests

TTM03810

Further guidance on the strategic management test

TTM03820

Further guidance on the commercial management test

TTM03900

Introduction to the flagging rules

TTM03905

Provision for “excepted” years

TTM03910

Overview of the flagging rules

TTM03915

Flagging condition 1

TTM03920

Flagging condition 2

TTM03925

Flagging condition 3

TTM03930

Flagging - substitute ships

TTM03940

Flagging - tugs and dredgers

TTM03945

Flagging - Member States Registers

TTM05310

Further guidance on exclusion from tonnage tax exceeding the75% limit for time chartered in ships

TTM06105

Relevant shipping profits: disposals of ships or of ship building contracts

TTM06120

Further guidance on the limit of certain qualifying secondary activities

TTM06200

Further guidance on qualifying incidental activities

TTM06510

Clarification of a sort of interest that qualifies as relevant shipping income

TTM06520

Further guidance on the treatment of interest received

TTM06600

Deleted

TTM07410

Further guidance on the meaning of finance costs

TTM07440

The broad approach to the finance cost legislation

TTM07450

Computational principles for the finance cost adjustment

TTM07460

Guidance on determining the just and reasonable fraction for the finance cost adjustment

TTM07470

Examples of the finance cost adjustment

TTM07500

Clarification of the interaction of finance costs and transfer pricing

TTM08001

Clarification of what is a tonnage tax asset

TTM09300

Guidance on the capital allowance position on the expiry of an election or the taking effect of a withdrawal notice

TTM10001

Further guidance on the capital allowance treatment of ships leased

TTM10010

Clarification that the regime applies to all leases

TTM10210

Further guidance on capital allowances following a sale and leaseback

TTM10215

Guidance on the treatment of long funding leases

TTM10300

Further guidance on certificates covering ship leases

TTM10415

Quantitative restrictions on allowances for leased ships

TTM11110

The treatment of offshore activities pre FA 2005

TTM11120

Guidance on the pre FA 2005 position for certain vessels

TTM11125

Guidance on offshore activities following FA 2005

TTM11126

Guidance on the special rules for offshore activities following FA 2005

TTM11300

Additional guidance on plant and machinery that is permanently ceased to be used for offshore activities

TTM13015

Guidance on corporate partnerships

TTM14080

Guidance on exits from tonnage tax following a withdrawal election

TTM14090

The effect of a withdrawal notice

TTM14120

Further guidance on the effects of exiting tonnage tax

TTM15210

Further guidance on slot charters and pooling

TTM20000

Schedule 7 FA 2005