Explanatory note

This Order provides a further opportunity for the making of tonnage tax elections under Schedule 22 to the Finance Act 2000 c. 17).

Article 1 provides for the citation and commencement of the Order.

Article 2 provides a further period during which tonnage tax elections may be made.

Article 3 adapts Schedule 22 where a tonnage tax election is made by virtue of Article 2 of this Order.

This Order does not impose new costs on business.