# Finance Act 2000, Paragraph 17


(1) This paragraph applies where a company temporarily ceases to operate or manage any qualifying ships.
It does not apply where a company continues to operate or manage a ship that temporarily ceases to be a qualifying ship.
(2) If the company gives notice to the Inland Revenue stating—
(a) its intention to resume operating or managing qualifying ships, and
(b) its wish to remain within tonnage tax,
the company shall be treated for the purposes of this Schedule as if it had continued to operate or manage the qualifying ship or ships it operated or managed immediately before the temporary cessation.
(3) The notice must be given not later than the date which is the filing date for the company’s company tax return for the accounting period in which the temporary cessation begins.
“Filing date” and “company tax return” here have the same meaning as in Schedule 18 to the Finance Act 1998.
(4) This paragraph ceases to apply if and when the company—
(a) abandons its intention to resume operating or managing qualifying ships, or
(b) again in fact operates or manages a qualifying ship.

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