- Latest available (Revised)
- Original (As enacted)
There are outstanding changes not yet made by the legislation.gov.uk editorial team to Finance Act 2000. Any changes that have already been made by the team appear in the content and are referenced with annotations.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
142U.K.In this Schedule “ship” means any vessel used in navigation, and includes a hovercraft.
143U.K.In this Schedule a charter “on bareboat charter terms” means a hiring of a ship for a stipulated period on terms which give the charterer possession and control of the ship, including the right to appoint the master and crew.
144(1)In this Schedule “associate”, in relation to an individual, means—U.K.
(a)a relative of that individual;
(b)a partner of that individual;
(c)the trustee or trustees of any settlement in relation to which—
(i)that individual, or
(ii)any relative (whether living or dead) of that individual,
is or was a settlor;
(d)where that individual is interested in any shares or obligations of a company that are subject to a trust, the trustee or trustees of the settlement concerned;
(e)where that individual is interested in any shares or obligations of a company that are part of the estate of a deceased person, the personal representatives of the deceased.
(2)In sub-paragraph (1)(a) and (c)(ii) “relative” means [F1spouse or civil partner], parent or remoter forebear, child or remoter issue, or brother or sister.
Section 831(4) of the Taxes Act 1988 applies for the purposes of this paragraph as it applies for the purposes of that Act.
(3)In sub-paragraph (1)(c) and (d) “settlement” and “settlor” have the same meaning as in [F2Chapter 5 of Part 5 of ITTOIA 2005 (see section 620 of that Act)].
Textual Amendments
F1Words in Sch. 22 para. 144(2) substituted (5.12.2005) by Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229), regs. 1(1), 133
F2Words in Sch. 22 para. 144(3) substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 522 (with Sch. 2)
145(1)Any power to make regulations conferred by this Schedule on “the Inland Revenue" is exercisable only by the Board.U.K.
(2)Subject to that, references in this Schedule to “the Inland Revenue" are to any officer of the Board.
146U.K.In this Schedule—
“company” means a body corporate or unincorporated association, but does not include a partnership;
“controlled foreign company” has the same meaning as in Chapter IV of Part XVII of the Taxes Act 1988 (tax avoidance: controlled foreign companies);
“single company” means a company that is not a member of a group.
147U.K.In this Schedule the following expressions are defined or otherwise explained by the provisions indicated:
associate (of an individual) | paragraph 144 |
bareboat charter terms | paragraph 143 |
[F3bridging renewal election | paragraph 15ZA] |
capital allowances (in Part IX) | paragraph 88(1) |
certificate of non-compliance (with training requirement) | paragraph 32 |
company | paragraph 146 |
company election | paragraph 7(1)(a) |
control | paragraph 118 (and see paragraph 117) |
controlled foreign company | paragraph 146 |
core qualifying activities | paragraph 46 |
cost of providing the ship (in Part X) | paragraph 96 |
demerger | paragraph 121(1) |
dominant party (in relation to a merger) | paragraph 126 |
entering (or leaving) tonnage tax | paragraph 2(2) |
finance costs (in paragraphs 61 and 62) | paragraph 63 |
F4. . . | F4. . . |
group | paragraph 116 |
group election | paragraph 7(1)(b) |
initial period | paragraph 10(1) (and see paragraph 11(2)) |
Inland Revenue | paragraph 145 |
[F5lease (and lessor and lessee) (in Part X)] | [F5paragraph 89(2)] |
leaving (or entering) tonnage tax | paragraph 2(2) |
member of group | paragraph 116 |
F6. . . | F6. . . |
merger | paragraph 121(1) |
minimum training obligation | paragraph 24 |
offshore activities (in Part XI) | paragraph 104 |
offshore profits (in Part XI) | paragraph 107(1) |
payments in lieu of training | paragraph 29 |
pooling and related expressions (in Parts IX, X and XI) | paragraph 88(2) and (3) |
operating (a ship) | paragraph 18 |
qualifying activity and qualifying expenditure (in Parts IX, X and XI) | paragraph 88(1) |
qualifying company | paragraph 16(1) (and see paragraph 17) |
[F7qualifying dredger] | [F7paragraph 20(7)] |
qualifying group | paragraph 16(2) |
qualifying incidental activities | paragraph 48 |
qualifying secondary activities | paragraph 47 |
qualifying ship | paragraphs 19 to 22 |
F8. . . | F8. . . |
relevant shipping income | paragraph 44(2) |
relevant shipping profits | paragraph 44(1) (and see paragraph 108(2)) |
renewal election | paragraph 15(1) |
the 75% limit (on chartered-in tonnage) | paragraph 37 |
ship | paragraph 142 |
single company | paragraph 146 |
subject to tonnage tax | paragraph 2(2) |
tonnage | paragraph 6(1) |
tonnage tax | paragraph 1(1) |
tonnage tax activities | paragraph 45 (and see paragraph 108(1)) |
tonnage tax asset (in Parts VIII and XI) | paragraph 64 |
tonnage tax company | paragraph 2(1) |
tonnage tax election | paragraph 1(2) (and see Part II) |
tonnage tax group | paragraph 2(1) |
tonnage tax pool (in Part IX) | paragraph 69 |
tonnage tax profits | paragraphs 3 to 5 (and see Part XI) |
tonnage tax trade | paragraph 53(1) |
training commitment | paragraph 25 (and see paragraphs 27(4) and (5) and 28(2)) |
Textual Amendments
F3Words in Sch. 22 para. 147 table inserted (1.4.2022) by Finance Act 2022 (c. 3), s. 25(10)(a)(11)
F4Words in Sch. 22 para. 147 repealed (10.7.2003) (with effect in accordance with Sch. 32 para. 3 of the amending Act) by Finance Act 2003 (c. 14), Sch. 32 para. 2(2)(a), Sch. 43 Pt. 3(11) (with Sch. 32 para. 4)
F5Words in Sch. 22 para. 147 inserted (10.7.2003) (with effect in accordance with Sch. 32 para. 3 of the amending Act) by Finance Act 2003 (c. 14), Sch. 32 para. 2(2)(b) (with Sch. 32 para. 4)
F6Words in Sch. 22 para. 147 omitted (31.12.2020) by virtue of The Taxes (Amendments) (EU Exit) Regulations 2020 (S.I. 2020/332), regs. 1, 2(8)(a)
F7Words in Sch. 22 para. 147 inserted (1.7.2005) by Finance Act 2005 (c. 7), Sch. 7 paras. 17(2), 18(1) (with Sch. 7 paras. 19-21)
F8Words in Sch. 22 para. 147 table omitted (1.4.2022) by virtue of Finance Act 2022 (c. 3), s. 25(10)(b)(11)
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: