# The Tonnage Tax (Training Requirement) (Amendment) Regulations 2001, Note: 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.

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Source: https://www.legislation.gov.uk/uksi/2001/3999/note (the official version)
Page: https://openlegislation.uk/tonnage-tax-training-requirement-amendment-regulations-2001/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.