questionText: 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 Tonnage Tax between 2000-01 and 2023-24; and if she will make an estimate of Corporation Tax relief from Tonnage Tax in the 2024-25 tax year.
answerText: 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...
heading: Shipping: Tonnage Tax