Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 March 2003 - onwards
  Version 2 of 2    

53. Tonnage tax.

(1) The Principal Act is amended by inserting the following after Part 24:

"Part 24A Shipping: Tonnage Tax

697A. Interpretation (Part 24A).

(1) In this Part and in Schedule 18B -

'bareboat charter terms', in relation to the charter of a ship, means the letting on charter of a ship for a stipulated period on terms which give the charterer possession and control of the ship, including the right to appoint the master and crew;

'chartered in' means -

(a) in relation to a single company, the letting on charter of a ship to the company otherwise than on bareboat charter terms, and

(b) in relation to a group of companies, the letting on charter of a ship otherwise than on bareboat charter terms to a qualifying company that is a member of the group by a person who is not a qualifying company that is a member of the group;

'company election' and 'group election' have the meanings respectively assigned to them by section 697D(1);

'commencement date' means the day appointed by the Minister for Fi

Comparing proposed amendment...