Statutory Instruments
2011 No. 2185
Taxes
Tonnage Tax
The Tonnage Tax (Training Requirement) (Amendment) Regulations 2011
Made
5th September 2011
Laid before the House of Commons
8th September 2011
Coming into force
1st October 2011
The Secretary of State makes the following Regulations in exercise of the powers conferred by paragraphs 29, 31 and 36 of Schedule 22 to the Finance Act 2000( 1 ):
Citation and commencement
1. These Regulations may be cited as the Tonnage Tax (Training Requirement) (Amendment) Regulations 2011 and they come into force on 1st October 2011.
Application
2. —(1) These Regulations apply for the purpose 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 30th September 2011.
(2) In paragraph (1), “a relevant four month period” means a period of four months commencing on 1st October, 1st February or 1st June 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 “£743” substitute “£798”.
(3) In regulation 21(4) (higher rate of payment in case of failure to meet training requirement) , for “£676” substitute “£726”.
Revocation
4. The Tonnage Tax (Training Requirement) (Amendment) Regulations 2010( 3 ) are revoked.
Signed by authority of the Secretary of State for Transport
Mike Penning
Parliamentary Under Secretary of State
Department for Transport
5th September 2011