# Finance Act 2000, Paragraph 46


(1) A tonnage tax company’s “core qualifying activities" are—
(a) its activities in operating or managing qualifying ships, and
(b) other ship-related activities that are a necessary and integral part of the business of operating or managing its qualifying ships.
(2) A company’s activities in operating qualifying ships means the activities mentioned in paragraph 19(1)(a) to (d) by virtue of which the ship is a qualifying ship.
(3) A company’s activities in managing qualifying ships means its participation in the activities mentioned in that paragraph by virtue of which the ship is a qualifying ship.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/46 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-22/paragraph-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.