The Tonnage Tax (Training Requirement) (Amendment) Regulations 2008
S.I. 2008/2264 · Made 20 August 2008 · Extends to United Kingdom
Taxes
Tonnage Tax
Made 20th August 2008
Laid before the House of Commons 27th August 2008
Coming into force 1st October 2008
The Secretary of State, in exercise of the powers conferred by paragraphs 29, 31 and 36 of Schedule 22 to the Finance Act 2000f1, makes the following Regulations:
Annotations to the whole text
Footnotes
- f1
Contents
- 1Citation and commencement Not yet in force
- 2Application Not yet in force
- 3Payments in lieu of training Not yet in force
- Signature
- Explanatory note
1Citation and commencementI1
These Regulations may be cited as the Tonnage Tax (Training Requirement) (Amendment) Regulations 2008 and shall come into force on 1st October 2008.
2ApplicationI1
These Regulations apply for the purpose of calculating the payments in lieu of training for the purposes of the Tonnage Tax (Training Requirement) Regulations 2000f1 (“the 2000 Regulations”) in respect of a relevant four month period falling after 30th September 2008.
In paragraph (1), “a relevant four month period” means a period of four months commencing on 1st October, 1st February or 1st June in any year.
3Payments in lieu of trainingI1
The 2000 Regulations are amended as follows.
In regulation 15(1)(b) (payments in lieu of training), for “£652” substitute “£671”.
In regulation 21(4) (higher rate of payment in case of failure to meet training requirement), for “£593” substitute “£610”.
Signature
Signed by authority of the Secretary of State for Transport
Tom Harris
Parliamentary Under Secretary of State
Department for Transport
20th August 2008
Explanatory note
(This note is not part of the Order)
These Regulations further amend the Tonnage Tax (Training Requirement) Regulations 2000 by increasing the amount of the payments which fall to be made in lieu of training. In respect of each eligible officer trainee for whom training is required to be provided under those Regulations, there is to be an increase from £652 to £671, in the amount payable for each month during a relevant four month period commencing on or after 1st October 2008 in which the training commitment of a company or group provides for payment in lieu of training or the company or group does not provide training in accordance with its training commitment. Where a company or group is treated as having failed to meet its training commitment and the higher rate of payment applies, the basic rate to be used in the calculation is increased from £593 to £610.
A Regulatory Impact Assessment has not been prepared for this instrument as it only provides for increases in line with the rate of inflation, before being rounded up to the nearest pound.