Finance Act 2000

46(1)A tonnage tax company’s “core qualifying activities" are—U.K.

(a)its activities in operating qualifying ships, and

(b)other ship-related activities that are a necessary and integral part of the business of operating 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.