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