Paragraph 95

United Kingdom

(1)

The rate bands and limit in paragraph 94 (quantitative restrictions on allowances) apply separately in relation to each ship.

(2)

The amounts specified in that paragraph apply in relation to the whole cost of providing the ship.

(3)

If—

(a)

the cost is shared by two or more persons, or

(b)

a person acquires a part share in the ship,

that paragraph applies as if there were substituted in sub-paragraph (3)(a) and (b) and sub-paragraph (5) in relation to each person the proportion of the figure specified that his share of the cost bears to the whole cost.

C1(4)

The pools referred to in sub-paragraph F1(4A) of that paragraph are class pools of all expenditure of a lessor that falls to be allocated to a F2tonnage tax (main rate) or tonnage tax (special rate) pool in respect of ships leased by him.

Annotations

Textual amendments

F1: Word in Sch. 22 para. 95(4) substituted (with effect in accordance with s. 57(8)-(9) of the amending Act) by Finance Act 2011 (c. 11), s. 57(3)(a)
F2: Words in Sch. 22 para. 95(4) substituted (with effect in accordance with s. 57(8)-(9) of the amending Act) by Finance Act 2011 (c. 11), s. 57(3)(b)

Modifications

C1: Sch. 22 para. 95(4) modified (with effect in accordance with s. 10(8)-(13) of the amending Act) by Finance Act 2011 (c. 11), s. 10(5)-(7)