Shipping: Tonnage Tax

Summary

To ask the Chancellor of the Exchequer, with reference to the update to Non-structural tax relief statistics, published on 5 December 2024, if she will provide an annual breakdown of the relief from Corporation Tax received by qualifying shipowners in the

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Timeline

1. 10 January 2025

   Written question

   To ask the Chancellor of the Exchequer, with reference to the update to Non-structural tax relief statistics, published on 5 December 2024, if she will provide an annual breakdown of the relief from Corporation Tax received by qualifying shipowners in the

   Source: Commons

2. 15 January 2025

   Answer

   Tonnage Tax is an advantageous corporation tax regime for shipping companies. It was introduced in 2000 to improve the competitiveness of the UK’s shipping industry. As set out on GOV.UK, the Government forecasts that the cost of the regime in 2024-25 w...

   Source: Written answer

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• · Treasury · Answering body

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