Tonnage Tax

Treasury written question – answered on 11th July 2012.

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Photo of John Martin McDonnell John Martin McDonnell Labour, Hayes and Harlington

To ask the Chancellor of the Exchequer what estimate he has made of the effect on the level of revenue accruing to the Exchequer of the introduction of the tonnage tax scheme in 2000-01. [R]

Photo of Chloe Smith Chloe Smith The Economic Secretary to the Treasury

Tonnage tax was introduced in 2000. The size of the UK fleet has increased significantly since then.

Estimates of the tax liabilities due to tonnage tax for each year from 2000 to 2009 are available at the following link:

http://www.publications.parliament.uk/pa/ld201011/ldhansrd/text/111215w0001.htm#11121582000209

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