Commentary

D7.1020 Tonnage tax—anti-avoidance

Corporate tax
Corporate tax | Commentary

D7.1020 Tonnage tax—anti-avoidance

Corporate tax | Commentary

D7.1020 Tonnage tax—anti-avoidance

If a company wishes to remain within the tonnage tax regime, it must not enter into any transaction or arrangement that is an abuse of that regime (ie one which results in a tax advantage being obtained, or an artificial reduction in tonnage tax profits being obtained). The tax advantage may be obtained either by the tonnage tax company itself in respect of non-tonnage tax activities or by another company that is not a tonnage tax company1. However, entering into a finance lease is not to be regarded as an abuse of the tonnage tax regime simply

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