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Statutory Instrument 2001 No. 3999

The Tonnage Tax (Training Requirement) (Amendment) Regulations 2001

(The document as of February, 2008)

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STATUTORY INSTRUMENTS


2001 No. 3999


TAXES


TONNAGE TAX

The Tonnage Tax (Training Requirement) (Amendment) Regulations 2001


 Made14th December 2001 
 Laid before Parliament18th December 2001 
 Coming into force1st February 2002 

The Secretary of State for Transport, Local Government and the Regions, in exercise of the powers conferred by paragraphs 29, 31 and 36 of Schedule 22 to the Finance Act 2000[1] and of all other powers enabling him in that behalf, hereby makes the following Regulations - 

Citation and commencement
    1.These Regulations may be cited as the Tonnage Tax (Training Requirement) (Amendment) Regulations 2001 and shall come into force on 1st February 2002.

Interpretation
    2.In these Regulations "relevant four month period" means a period of four months commencing 1st October, 1st February or 1st June.

Payments in lieu of training
    3. - (1) The Tonnage Tax (Training Requirement) Regulations 2000[2] shall be amended as follows.

    (2) In regulation 15(1)(b), for "Ј550" there shall be substituted "Ј562".

    (3) In regulation 21(4), for "Ј500" there shall be substituted "Ј512".

    4.These Regulations apply for the purpose of calculating the payments in lieu of training in respect of a relevant four month period falling on or after 1st February 2002.



Signed by authority of the Secretary of State


David Jamieson
Parliamentary Under-Secretary of State Department for Transport, Local Government and the Regions

14th December 2001


EXPLANATORY NOTE

(This note is not part of the Regulations)


These Regulations amend the Tonnage Tax (Training Requirement) Regulations 2000 by increasing the amount of the payments in lieu of training. In respect of a relevant four month period falling on or after 1st February 2002, the figure by which the number of months is to be multiplied is increased from Ј550 to Ј562. In the case of the higher rate of payment where there has been failure to meet the training requirement, the basic rate to be used in the calculations is increased from Ј500 to Ј512.

Notes:

[1] 2000 c. 17.back

[2] S.I. 2000/2129.back


ISBN 0 11 039035 0


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