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The Tonnage Tax (Training Requirement) (Amendment) Regulations 2004

S.I. 2004/2255 · Made 31 August 2004

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 31st August 2004

Laid before the House of Commons 9th September 2004

Coming into force 1st October 2004

The Secretary of State for Transport, in exercise of the powers conferred by paragraphs 29, 31 and 36 of Schedule 22 to the Finance Act 2000f1, 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. 4Application
  5. Signature
  6. Explanatory note

1Citation and commencement

These Regulations may be cited as the Tonnage Tax (Training Requirement) (Amendment) Regulations 2004 and shall come into force on 1st October 2004.

2Interpretation

In these Regulations, “relevant four month period” means a period of four months commencing on 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) (payments in lieu of training), for “£591” substitute “£608” and in regulation 21(4) (higher rate of payment in case of failure to meet training requirement), for “£538” substitute “£553”.

4Application

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 October 2004.

Signature

Signed by authority of the Secretary of State

Tony McNulty

Parliamentary Under Secretary of State,

Department for Transport

31st August 2004

Explanatory note

(This note is not part of the Regulations)

These Regulations further 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 October 2004, the figure by which the number of months is to be multiplied is increased from £591 to £608. In the case of the higher rate payment where there has been a failure to meet the training requirement, the basic rate to be used in the calculations is increased from £538 to £553.