Part VII The ring fence: general provisions

1. Accounting period ends on entry or exit
2. Tonnage tax trade
3. Profits of controlled foreign companies
4. General exclusion of reliefs, deductions and set-offs
5. Exclusion of loss relief
6. Exclusion of relief or set-off against tax liability
7. Transactions not at arm’s length: between tonnage tax company and another person
8. Transactions not at arm’s length: between tonnage tax trade and other activities of same company
9. Transactions not at arm’s length: duty to give notice
10. Treatment of finance costs: single company
11. Treatment of finance costs: group company
12. Meaning of “finance costs"