Tonnage Tax

The UK tonnage tax (TT) regime provides an alternative method for qualifying shipping companies to calculate their corporation tax. Our corporate tax professionals are able to give expert support and advice on national and international tonnage tax facilities for our corporate clients.

  • Establishing whether the company or group qualifies for the regime.
  • Advice regarding strategic and commercial management issues including flagging of vessels, chartered-in tonnage and the training requirements.
  • Guidance on qualifying vessels and companies/groups.
  • Calculation of relevant shipping profits incorporating chargeable gains/losses, capital allowances, finance costs and group relief issues.
  • Advice on the consequences of acquisition and disposal of tonnage tax assets.

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