Tonnage Tax Window Opens on Changes

Wednesday, June 29, 2005
A new window of opportunity to opt to enter the UK's successful Tonnage Tax regime opens July 1, 2005, says leading shipping accountancy firm Moore Stephens. "This is good news for shipowners and operators who didn't opt in the first time, as almost every company in the regime has gained from it," writes Sue Bill, shipping tax partner, in the current issue of Moore Stephens shipping newsletter, the Bottom Line. Bill goes onto qualify her good news, writing, "At the same time, the UK tonnage tax rules have also been amended to meet EU guidelines on state aid to maritime transport."

Bill details new flagging and vessel type rules and concludes, "The UK government commitment is clear from the proposed changes and is good news for the UK shipping sector. The flagging requirement imposed by the EU has been incorporated into the tonnage tax regime as fairly as possible. Look through the tonnage tax window, the view is good."

Also in Bottom Line, David Anstis reviews the EU Ports Directive and warns of new risks to port investments, Chris Chasty looks at EU and other competition authority pressure on shipping pools and Richard Greiner examines how EU rules on bunkers will affect shipowners' costs.

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Container Ships

FMC Commissioners Meet with China Transport Officials

Federal Maritime Commissioners Richard A. Lidinsky, Jr. and William P. Doyle met with transportation officials from China on January 14, 2015 in Washington, D.C.

Maersk Chief Warns on Global Trade

Nils Andersen,  chief executive  of AP Møller-Maersks, has warned that global trade will never return to scorching pre-crisis growth rates, in part because western

Indian Shipping Ministry Seeks Tax Sops

India's shipping ministry is asking for a tax holiday and more incentives for the shipbuilding industry in the upcoming Union budget, according to a report in the Economic Times.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pipelines Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1831 sec (5 req/sec)