Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the change in tax liabilities for shipping companies in the tonnage tax scheme in (a) 2015-16 and (b) 2016 to date.

HMRC publishes the estimated reduction in tax liabilities accrued by the UK Shipping Industry through the tonnage tax regime for 2012-13 to 2015-16. These are available at the link below:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/487119/Dec15_expenditure_reliefs_Final.xlsx.pdf

Tax returns are not yet available for 2016, the estimate for 2015/16 is the latest available.