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

S.I. 2001/3999 · Made 14 December 2001

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

TAXES

TONNAGE TAX

Made 14th December 2001

Laid before Parliament 18th December 2001

Coming into force 1st 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 2000f1 and of all other powers enabling him in that behalf, hereby makes the following Regulations—

Annotations to the whole text

Footnotes

f1

2000 c. 17.

Contents

  1. 1Citation and commencement
  2. 2Interpretation
  3. 3Payments in lieu of training
  4. 4Payments in lieu of training
  5. Signature
  6. Explanatory note

1Citation and commencement

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

2Interpretation

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

3Payments in lieu of training

(1)

The Tonnage Tax (Training Requirement) Regulations 2000f1 shall be amended as follows.

(2)

In regulation 15(1)(b), for “£550” there shall be substituted “£562”.

(3)

In regulation 21(4), for “£500” there shall be substituted “£512”.

4Payments in lieu of training

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.

Signature

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 £550 to £562. 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 £500 to £512.