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

Container Ships

Port of Durban to Triple Capacity, Compete with Suez Canal

Durban, South Africa's busiest port, has started a project to triple capacity and encourage vessels to skip the Suez Canal and sail around the Cape of Good Hope, Bloomberg reported today.

LA, Long Beach Ports Cooperation Approved

Federal regulators approve expanded working pact for Port of Long Beach and Port of Los Angeles to cooperate on congestion relief   The ports of Long Beach and

Asia-Europe Container Freight Rates Fell 6.5 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.5 percent to $938 per 20-foot container (TEU) in the week ended Friday,

 
 
Maritime Contracts Maritime Standards Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair 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: 0.1325 sec (8 req/sec)