# Finance Act 2000, Paragraph 108


(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.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/108 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-22/paragraph-108
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.