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

Container Ships

MSC Upgrades Europe-West Africa Service

As part of our objective to continually improve our services to customers, MSC is delighted to announce an upgrade to its Angola Express service with a first

Hapag-Lloyd Adds 6,000 Reefer Containers

In order to profit from the growing reefer markets in South America and Asia, Hapag-Lloyd has ordered 6,000 cutting-edge reefer containers – more than ever before in the company’s history.

Port Pipavav Berths its Largest Box Ship

APM Terminals Pipavav (Gujarat Pipavav Port Ltd.), a gateway port in western India, has berthed the largest container vessel in the Port Pipavav’s history, the terminal announced today.

 
 
Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.4679 sec (2 req/sec)