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Statutory Instruments

2019 No. 398

Corporation Tax

Tonnage Tax

The Tonnage Tax (Prescribed and Specified Matters) Regulations 2019

Made

28th February 2019

Laid before the House of Commons

1st March 2019

Coming into force

22nd March 2019

The Treasury make these Regulations in exercise of the powers conferred by paragraph 22C(1)(a), (2)(a) and (7) of Schedule 22 to the Finance Act 2000( 1 ).

Citation, commencement and interpretation

1. —(1) These Regulations may be cited as the Tonnage Tax (Prescribed and Specified Matters) Regulations 2019 and come into force on 22nd March 2019.

(2) In these Regulations “the Schedule” means Schedule 22 to the Finance Act 2000.

Prescribed three year period

2. For the purposes of paragraph 22C(1)(a) of the Schedule, the prescribed three year period is the period beginning on 2nd October 2015 and ending on 1st October 2018.

Percentage of the tonnage tax fleet which is Community-flagged

3. For the purposes of paragraph 22C(1)(a) of the Schedule, “the percentage of the tonnage tax fleet which is Community-flagged” means the percentage determined under paragraph 22B(3) of the Schedule for all companies to which the Schedule applies.

Revocation

4.The Tonnage Tax (Prescribed and Specified Matters) Regulations 2018( 2 ) are revoked.

Rebecca Harris

Jeremy Quin

Two of the Lords Commissioners of Her Majesty’s Treasury

28th February 2019

( 1 )

2000 c. 17 ; paragraph 22C was inserted by paragraph 8 of Schedule 7 to the Finance Act 2005 (c. 7) .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Tonnage Tax (Prescribed and Specified Matters) Regulations 2019 (2019/398)

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footnotecommentarytransitional and savingsin force statusrelated provisionsgeo extentinsert/omitsource countin force adj
Defined TermSection/ArticleIDScope of Application
the percentage of the tonnage tax fleet which is Community-flaggedreg. 3.the_percen_rtwvuz5
the Schedulereg. 1.the_Schedu_rt2nIRi
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This instrument is derived from the version at www.legislation.gov.uk. To see original commencement information, check the resources page associated with this instrument. n.b. commencement information for marked amendments is embedded in the relevant footnote.

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