Citation, commencement and amendment

1. —(1) These Regulations may be cited as the Tonnage Tax (Training Requirement) (Amendment) Regulations 2003 and shall come into force on 1st October 2003.

(2)The Tonnage Tax (Training Requirement) Regulations 2000( 2 ) (“the 2000 Regulations”) shall be amended as set out in the following regulations.

Application

2. —(1) Regulations 4 and 5 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 October 2003.

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

Minimum training obligation

3. For regulation 4(7) of the 2000 Regulations there shall be substituted:

“ (7) The number referred to in paragraph (6) is the total number of eligible officer trainees who, in a previous year when the company was a tonnage tax company—

(a) started a relevant course which continues in the year in question; but this shall not include any eligible officer trainee who started a relevant course more than two years before the year in question, or

(b) would have started a relevant course which would have continued in the year in question, if the company had provided the first year of training for the minimum number of eligible officer trainees for whom such training was required under paragraph (1); and for these purposes such a course shall be deemed to continue for three years. ”

Payments in lieu of training

4. In regulation 15(1)(b) of the 2000 Regulations, for “£573” there shall be substituted “£591”.

Higher rate of payment in case of failure to meet training requirement

5. In regulation 21(4) of the 2000 Regulations, for “£522” there shall be substituted “£538”.