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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 and which are payable to the Maritime Training Trust. Payments are to be made in lieu of training where the training commitment of a company or group provides for such payments, or where the company or group does not provide training in accordance with the training commitment.
These Regulations increase the amount payable for each month during a relevant four month period commencing on or after 1st October 2015 in respect of the training requirement under the Tonnage Tax (Training Requirement) Regulations 2000 from £1,202 to £1,218.
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 £1,119 to £1,134.
These Regulations revoke the Tonnage Tax (Training Requirement) (Amendment) Regulations 2014 which increased the rates in 2014 and are superseded by these Regulations.
An 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 alongside these Regulations at .
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