There are currently no known outstanding effects for the Finance Act 2000, Paragraph 46.
46(1)A tonnage tax company’s “core qualifying activities" are—U.K.
(a)its activities in operating [F1or managing] qualifying ships, and
(b)other ship-related activities that are a necessary and integral part of the business of operating [F2or managing] its qualifying ships.
(2)A company’s activities in operating qualifying ships means the activities mentioned in paragraph 19(1)(a) to (d) by virtue of which the ship is a qualifying ship.
[F3(3)A company’s activities in managing qualifying ships means its participation in the activities mentioned in that paragraph by virtue of which the ship is a qualifying ship.]
Textual Amendments
F1Words in Sch. 22 para. 46(1)(a) inserted (with effect in accordance with Sch. 8 para. 8 of the amending Act) by Finance Act 2024 (c. 3), Sch. 8 para. 4(a)(i)
F2Words in Sch. 22 para. 46(1)(b) inserted (with effect in accordance with Sch. 8 para. 8 of the amending Act) by Finance Act 2024 (c. 3), Sch. 8 para. 4(a)(ii)
F3Sch. 22 para. 46(3) inserted (with effect in accordance with Sch. 8 para. 8 of the amending Act) by Finance Act 2024 (c. 3), Sch. 8 para. 4(b)
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