Clause 25 - Tonnage tax

Part of Finance (No. 2) Bill – in a Public Bill Committee at 2:15 pm on 14 December 2021.

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Photo of Helen Whately Helen Whately The Exchequer Secretary 2:15, 14 December 2021

I emphasise what I said a moment ago: the Treasury followed in full the approach that should be taken, as set out in the Macpherson review in 2013. The Government’s tonnage tax reforms will ensure that the UK’s maritime and shipping industries remain highly competitive and bolster our reputation as a great maritime nation.