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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Container Ships

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

NYK Line Joins PNW West Coast Metro Pool

Effective October 20, 2014, NYK Line has become a member of the PNW West Coast Metro Pool (WCMP) operated by Trac Intermodal. The WCMP operates chassis at all major marine terminals,

ISS Manages Heavy-lift Project at Port of Mombasa

Inchcape Shipping Services (ISS) announced it has completed another complex heavy-lift project in Africa, this time at the Port of Mombasa in Kenya. ISS was

 
 
Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1056 sec (9 req/sec)