Paragraph 16
(1)
For the purposes of this Schedule a company is a “qualifying company” if—
(a)
it is within the charge to corporation tax,
(b)
it operates F1or manages qualifying ships, and
(c)
those ships are strategically and commercially managed in the United Kingdom.
(2)
A “qualifying group” means a group of which one or more members are qualifying companies.
Annotations
Textual amendments
- F1
Words in Sch. 22 para. 16(1)(b) inserted (with effect in accordance with Sch. 8 para. 8 of the amending Act) by Finance Act 2024 (c. 3), Sch. 8 para. 2(1)