# The Tonnage Tax (Training Requirement) (Amendment) Regulations 2005, 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 2005 the figure by which the number of months is to be multiplied is increased from £608 to £621. In the case of a higher rate payment where there has been a failure to meet the training requirement, the basic rate to be used in the calculation is increased from £553 to £565.
A Regulatory Impact Assessment has not been prepared for this instrument as it only provides for increases in line with the rate of inflation.

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Source: https://www.legislation.gov.uk/uksi/2005/2295/note (the official version)
Page: https://openlegislation.uk/tonnage-tax-training-requirement-amendment-regulations-2005/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.