{
  "url": "https://openlegislation.uk/finance-act-2024/schedule-8/paragraph-3",
  "json_url": "https://openlegislation.uk/finance-act-2024/schedule-8/paragraph-3.json",
  "legislation": "ukpga/2024/3",
  "legislation_title": "Finance Act 2024",
  "legislation_url": "https://openlegislation.uk/finance-act-2024",
  "path": "schedule/8/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": "Daily profits of managed ships",
  "text": "(1) Paragraph 4 (tonnage tax profits: method of calculation) is amended as follows.\n(2) In sub-paragraph (1), after “operated” insert “or managed”.\n(3) In sub-paragraph (2), for Step One substitute—\n“Step One\nDetermine the daily profit for each qualifying ship operated by the company and each qualifying ship managed by the company by reference to the following table and the net tonnage of the ship—\nNet tonnage\nDaily Profit\nOperated ship\nManaged ship\nFor each 100 tons up to 1,000 tons\n£0.60\n£0.12\nFor each 100 tons between 1,000 and 10,000 tons\n£0.45\n£0.09\nFor each 100 tons between 10,000 and 25,000 tons\n£0.30\n£0.06\nFor each 100 tons above 25,000 tons\n£0.15\n£0.03\n”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2024/3/schedule/8/paragraph/3",
    "retrieved_at": "2026-10-29T08:48:28.960167+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."
}