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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 March 2003 - onwards
    Version 1 of 1    

62. Amendment of Part 24A (tonnage tax) of Principal Act.

(1) The Principal Act is amended in Part 24A -

(a) in section 697A(1) -

(i) by substituting the following for the definition of "commencement date":

"'commencement date' means the date of the passing of the Finance Act 2003;",

and

(ii) in the definition of "relevant shipping income" -

(I) by the deletion of the following from paragraph (a):

", including income in respect of which the conditions set out in section 697I are met",

(II) by the deletion of the following from paragraph (b):

", including income in respect of which the conditions set out in section 697I are met",

(III) by substituting the following for paragraph (c):

"(c) towage, salvage or other marine assistance by a qualifying ship operated by the company, but does not include income from any such work undertaken in a port or an area under the jurisdiction of a port authority,",

(IV) by substituting the following for paragraph (e):

"(e) the provision on board a qualifying ship operated by the company of goods or services an

Comparing proposed amendment...