The Tonnage Tax (Training Requirement) (Amendment) Regulations 2013

Statutory Instruments

2013 No. 5

Taxes

Tonnage Tax

The Tonnage Tax (Training Requirement) (Amendment) Regulations 2013

Made

8th January 2013

Laid before Parliament

10th January 2013

Coming into force

1st February 2013

The Secretary of State, in exercise of the powers conferred by paragraphs 29, 31 and 36 of Schedule 22 to the Finance Act 2000(1), makes the following Regulations:

Citation and Commencement

1.  These Regulations may be cited as the Tonnage Tax (Training Requirement) (Amendment) Regulations 2013 and they come into force on 1st February 2013.

Application

2.—(1) These Regulations apply for the purposes of calculating the payments in lieu of training for the purposes of the Tonnage Tax (Training Requirement) Regulations 2000(2) (“the 2000 Regulations”) in respect of a relevant four month period falling after 31st January 2013.

(2) In paragraph (1), “a relevant four month period” means a period of four months commencing on 1st February, 1st June or 1st October in any year.

Payments in lieu of training

3.—(1) The 2000 Regulations are amended as follows.

(2) In regulation 15(1)(b) (payments in lieu of training) for “£798” substitute “£1,092”.

(3) In regulation 21(4) (higher rate of payment in case of failure to meet training requirement) for “£726” substitute “£1,020”.

Revocation

4.  The Tonnage Tax (Training Requirement) (Amendment) Regulations 2011(3) are revoked.

Signed by authority of the Secretary of State for Transport

Stephen Hammond

Parliamentary Under Secretary of State

Department for Transport

8th January 2013

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations further amend the Tonnage Tax (Training Requirement) Regulations 2000 by increasing the amount of the payments which fall to be made in lieu of training.

In respect of each eligible officer trainee for whom training is required to be provided under those Regulations, there is to be an increase from £798 to £1,092 in the amount payable for each month during a relevant four month period, commencing on or after 1st February 2013, in which the training commitment of a company or group provides for payment in lieu of training or the company or group does not provide training in accordance with the training commitment.

Where a company or group is treated as having failed to meet its training commitment and the higher rate of payment applies, the basic rate which is used to calculate the higher rate, is increased from £726 to £1,020.

These Regulations also revoke the regulations which increased the rates in 2011 and are superseded by these Regulations.

A full impact assessment of the effect that these Regulations will have on the costs of business and the voluntary sector is available from the Department for Transport, Great Minster House, 33 Horseferry Road, London SW1P 4DR and is published with the Explanatory Memorandum which is available alongside these Regulations at www.legislation.gov.uk.

(1)

2000 c.17.

(2)

S.I.2000/2129, amended by S.I. 2011/2185, there are other amending instruments but none is relevant.

(3)

S.I. 2011/2185.