Paragraph 18A F1
A company is regarded for the purposes of this Schedule as managing a qualifying ship if—
(a)
the ship is a qualifying ship operated by a tonnage tax company (“the operator”),
(b)
the company carries on activities in relation to the ship that would be tonnage tax activities of the operator if the operator carried them on, and
(c)
those activities as carried on by the company represent a significant contribution to the operation of the ship.
Annotations
Textual amendments
- F1
Sch. 22 para. 18A and cross-heading inserted (with effect in accordance with Sch. 8 para. 8 of the amending Act) by Finance Act 2024 (c. 3), Sch. 8 para. 2(2)