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Sea Changes

Michael Everett, International Corporate Tax Director at KPMG in the UK, discusses how to navigate the proposed 2008 revisions to the tonnage tax regime

 
Michael Everett International Corporate Tax Director at KPMG in the UK discusses how to navigate the proposed 2008 revisions to the tonnage tax regime
 
Late News: as we went to press HMRC withdrew the proposals discussed in this article except the flagging points pending a separate EC review.
 
1 April 2008 begins a six-month window of opportunity to leave the UK's tonnage tax regime. In effect this provides a mechanism for businesses to exit — on relatively favoured terms — if they do not like the changes which are to be introduced with effect from 1 April...

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