OT26603 - Capital Allowances: Long Life Assets - Expenditure excluded from being on Long Life Assets - Ships and offshore installations
You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals.
CAA01\S94
CAA01\S94 excludes from LLA’s expenditure incurred before 1 January 2011 on the provision of a ship of a seagoing kind and the ship is not an offshore installation (see CA23730).
Floating Production Storage and Offloading Vessels (FPSO’s) may appear to be ships but whether or not they are will be dependent on the facts of each case (see CA25100).
IRClass Review of 2020 and Outlook for 2021 – The road to revitalisation
2020 brought about an unprecedented situation in the form of the pandemic. Indian Register of Shipping (IRClass) responded swiftly by taking a pragmatic and practical approach in maintaining its services to its clients during this period of global restriction in population movement to reduce the spread of COVID-19.
IRClass Executive Chairman Mr Arun Sharma, as Chairman of the International Association of Classification Societies (IACS), led the organisation’s rapid response to assist the industry during the lockdown period. The first wave of mitigative measures which included maintaining the validity of certificates and allowing the sharing of IACS members’ exclusive surveyors, were quickly implemented to allow ships to continue operations and hence, facilitating trade.
DGAP-Ad-hoc: Tuff Group AG / Key word(s): Miscellaneous
Tuff Group AG: Tuff Group AG intends unscheduled depreciation on fixed assets
30-Dec-2020 / 19:29 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Tuff Group AG intends unscheduled depreciation on fixed assets
Frankfurt am Main, 30 December 2020: In the course of preparing its financial statements for the financial year ended 31 December 2019, Tuff Group AG will recognise an impairment loss of EUR 33,215,000.00 on the balance sheet value of the shares in its sole subsidiary, Tuff Offshore Pte. Ltd, which operates as a plant engineering company in the oil and gas sector.
DGAP-Adhoc: Tuff Group AG: Tuff Group AG beabsichtigt außerplanmäßige Abschreibung auf das Anlagevermögen finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
NIGERIA
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Alhaji Mele Kyari, stated that the construction of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project is currently at 15% completion. The project is presently crossing the river Niger, through the Ndoni-Aboh river crossing in Rivers and Delta states which will deliver gas from the eastern part to the country into the western corridor according to the GMD. Alhaji Kyari further stated that the NNPC has the assurances of the government on the delivery of this transnational gas pipeline project, which will create a major gas trunkline for gas delivery to the domestic market.