# The Tonnage Tax (Training Requirement) (Amendment) Regulations 2004, Note: 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.

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Source: https://www.legislation.gov.uk/uksi/2004/2255/note (the official version)
Page: https://openlegislation.uk/tonnage-tax-training-requirement-amendment-regulations-2004/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.