
1 
This Order may be cited as the Tonnage Tax (Further Opportunity for Election) Order 2023 and comes into force on 1st June 2023.
2 
A tonnage tax election may be made at any time during the period beginning on 1st June 2023 and ending with 30th November 2024 (“the second further period”).
3 

(1) In the case of elections made during the second further period, Part 2 of Schedule 22 to the Finance Act 2000 (tonnage tax elections) applies as adapted by this article.
(2) Paragraph 12 (when a tonnage tax election takes effect) has effect as if—
(a) in sub-paragraph (2)—
(i) after “A tonnage tax election” there were inserted “made during the second further period”;
(ii) for “1st January 2000” there were substituted “1st January 2023”;
(b) in sub-paragraph (3)—
(i) for “before the end of the initial period” there were substituted “during the second further period”;
(ii) for “1st January 2000” there were substituted “1st January 2023”;
(c) in sub-paragraph (4) for “before the end of the initial period” there were substituted “during the second further period”;
(d) after sub-paragraph (6) there were inserted—“
(7) In this paragraph “the second further period” means the period provided for by article 2 of the Tonnage Tax (Further Opportunity for Election) Order 2023 (S.I. 2023/508).”.
Andrew Stephenson
Steve Double
Two of the Lords Commissioners of His Majesty's Treasury
9th May 2023