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Legal 500, 2018

26 April 2013

FTT Decision: Euroceanica (UK) Ltd v HMRC

Tonnage tax – credits arising from cash collateral – relevant shipping profits – loan relationship credits – whether received in the course of activities forming an integral part of shipping activities – yes – bareboat charter – over-capacity – meaning.

Giles Goodfellow QC and Zizhen Yang, instructed by Mazars LLP, acted for the Appellant.

David Yates acted for HMRC.

Please click here for the full decision.

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