Paragraph 4 Tonnage tax activities include activities in managing ships

United Kingdom

In paragraph 46 (core qualifying activities)—

(a)

in sub-paragraph (1)—

(i)

in paragraph (a), after “operating” insert “or managing”, and

(ii)

in paragraph (b), after “operating” insert “or managing”, and

(b)

after sub-paragraph (2) insert—

“(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.”