TTM03610 - Qualifying companies and ships: Non-qualifying - services normally provided on land
Examples of disallowable types of business
A vessel cannot be a qualifying ship if the main purpose for which it is used is the provision of goods or services of a kind normally provided on land.
Examples of businesses where this rule applies include:
- retailers (including shops and supermarkets),
- restaurants,
- hotels - a ship-based holiday where the ship remains moored and there is no sea transportation element does not qualify for tonnage tax,
- prisons,
- radio stations,
- casinos - a ship that sails out of territorial waters to operate gambling facilities does not qualify for tonnage tax,
- financial service providers, and
- offices.
This list is not exhaustive.
References
FA00/SCH22/PARA19 (2) (Services normally provided on land) |
|
Non-qualifying activities |