TTM01030 - Introduction to tonnage tax: Legislative changes in 2005
You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals.
Summary of changes made in 2005
The combination of the joint Inland Revenue/Department for Transport Post Implementation Review of Tonnage Tax and the European Commission’s revised guidelines on State aid to maritime transport led to changes to the tonnage tax regime in 2005. These changes were implemented by FA 2005 and two subsequent Statutory Instruments.
The changes were:
A new window of opportunity for elections in to tonnage tax running from 1 July 2005 to 31 December 2006 (see TTM02190);