Shipping: Tonnage Tax

House of Lords written question – answered on 20th May 2008.

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Photo of Lord Dykes Lord Dykes Spokesperson in the Lords (Europe), Foreign & Commonwealth Affairs, Spokesperson in the Lords (Cap Reform), Environment, Food & Rural Affairs

asked Her Majesty's Government:

Whether they will maintain the existing tonnage tax system for the British shipping industry.

Photo of Lord Davies of Oldham Lord Davies of Oldham Deputy Chief Whip (House of Lords), HM Household, Captain of the Queen's Bodyguard of the Yeomen of the Guard (HM Household) (Deputy Chief Whip, House of Lords)

The Government keep all taxes under review. There are no current plans to change the existing support provided to the shipping industry through the tonnage tax regime.

The European Commission is currently consulting member states on aspects of the guidelines for state aids to maritime transport, which cover tonnage tax regimes.

Once the outcome of the consultation is known, the Government will consider what changes, if any, are required to UK tonnage tax in the light of any revisions to the guidelines.

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