{
  "url": "https://openlegislation.uk/finance-act-2000/schedule-22/paragraph-78",
  "json_url": "https://openlegislation.uk/finance-act-2000/schedule-22/paragraph-78.json",
  "legislation": "ukpga/2000/17",
  "legislation_title": "Finance Act 2000",
  "legislation_url": "https://openlegislation.uk/finance-act-2000",
  "path": "schedule/22/paragraph/78",
  "kind": "paragraph",
  "number": "78",
  "heading": null,
  "text": "(1) The amount of any balancing charge under this Part of this Schedule is reduced by reference to the number of whole years the company has been subject to tonnage tax at the time of the disposal event giving rise to the charge.\n(2) The following table shows the percentage reduction:\nNumber of years\nPercentage reduction\n1\n15%\n2\n30%\n3\n45%\n4\n60%\n5\n75%\n6\n90%\n7 or more\n100%",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/78",
    "retrieved_at": "2026-10-29T09:21:00.128981+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}