# Finance Act 2000, Paragraph 131


The regulations may provide that—
(a) for the purpose of calculating the profits of a partner which is a tonnage tax company, the profits of the partnership shall be calculated as if the partnership were a tonnage tax company, and
(b) for the purpose of calculating the profits of a partner which is not a tonnage tax company, the profits of the partnership shall be calculated as if the partnership were not a tonnage tax company.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/131 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-22/paragraph-131
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.