Written Question·Treasury·UIN 23116

Tonnage Tax

Tabled: 10 January 2025

Answered: 15 January 2025

Question

John McDonnell

To ask the Chancellor of the Exchequer, whether she plans to discuss the Tonnage Tax scheme with (a) Cabinet colleagues, (b) shipowners and (c) maritime trade unions as part of the current Spending Review.

Answer

James Murray

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...

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