TTM05000 - »Ê¹ÚÌåÓýapp 75% limit on charters-in: contents

Introduction

This section covers the '75% limit', which applies to ship tonnage operated by a company chartered-in otherwise than on bareboat charter term.  It explains the reason for the conditions to be satisfied and how the limit is calculated.  It further explains the effect of exceeding the limit.

Outline and conditions

  1. TTM05001
    Outline
  2. TTM05010
    Conditions to be satisfied

Chartered-in

  1. TTM05100
    What is ‘chartered-in�?
  2. TTM05110
    Charters not taken into account
  3. TTM05120
    Charters to be taken into account
  4. TTM05130
    Summary of what to count

How to calculate

  1. TTM05200
    How to calculate 75% limit
  2. TTM05210
    Accounting periods of group companies
  3. TTM05220
    Example 1 - Deferment of group entry if test failed
  4. TTM05230
    Example 2 - Possible exclusion of group for exceeding limit
  5. TTM05240
    Example 3 - All ships operated for whole accounting period
  6. TTM05250
    Example 4 - Ships operated for varying periods during AP

If 75% limit exceeded

  1. TTM05300
    Effect of exceeding the 75% limit
  2. TTM05310
    Consideration of exclusion by HMRC
  3. TTM05320
    Action by HMRC where limit exceeded
  4. TTM05330
    Exclusion procedure
  5. TTM05340
    Exclusion procedure - Appeals