TTM01250 - Introduction to tonnage tax: Tonnage tax as a State aid or subsidy
Tonnage tax is subject to "subsidy control" arrangements now administered by the Competition and Markets Authority, a non-ministerial government department, following the UK's departure from the EU. These will regulate the extent of fiscal subsidy consistently with the principles of the UK/EU Trade and Co-operation Agreement. The detailed provisions of the EU Commission's Maritime State Aid Guidelines no longer apply.