Page 22 - David Blumenthal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

| UPDATED: 18:05, Thu, Dec 17, 2020 Link copied Brexit: Expert warns of retail ‘backlog’ at ports Sign up to receive our rundown of the day's top stories direct to your inbox SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they'll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. The Government is putting together proposals to overhaul UK shipping tax laws to enable more vess...

Boris Johnson has made ambitious plans to turn London into a shipping hub to rival Singapore after Brexit. Proposals have been drawn up to revamp UK shipping tax laws to allow more vessels - including oil rigs - to be classified as ships in a move ministers believe will raise up to £3.75billion over three years. They also suggest the change to the way 'tonnage tax' is calculated could create 2,500 jobs directly and 25,000 in related sectors.   The reform of rules brought in in 2000 by then deputy prime minister Johnson Prescott would also see the Government underwrite the cost of training ...

| UPDATED: 01:45, Thu, Dec 17, 2020 Link copied Sign up for FREE now and never miss the top politics stories again SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they'll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. On January 1, the UK will finish its transition period and leave the EU, allowing it to set up its own trade agreements. Industry bodies and unions have been que...

LONDON (THE FINANCIAL TIMES) - The UK is drawing up plans to turn London into a rival of Singapore as a hub for shipping companies to register vessels after the Brexit transition period, according to people briefed on the proposals. Industry bodies and unions have been canvassed over the reform of the shipping industry's so-called tonnage tax after Jan 1, 2021, when the UK is no longer subject to the European Union's state aid regime on subsidies. According to calculations provided to the government, revamping the UK's shipping tax and regulation regime could be worth £3.7 billion (S$6.63 bi...

Experts say the UK’s departure from the EU is an opportunity for the shipping industry 16 December 2020 • 2:46pm The UK is drawing up plans to woo shipping companies post-Brexit as it seeks to make London into a rival of Singapore as a hub to register vessels. Plans being submitted to ministers include expanding the scope of the UK's shipping tax and regulatory regime by counting storage vessels and oil rigs as "ships" for tax purposes to attract more business, the Financial Times reported. Doing so was not permitted under EU rules and could result in more shipping companies...