Statutory Instruments
Tonnage Tax
Made
4th September 2017
Laid before the House of Commons
8th September 2017
Coming into force
1st October 2017
The Secretary of State, in exercise of the powers conferred by paragraphs 29, 31 and 36 of Schedule 22 to the Finance Act 2000(1), makes the following Regulations:
1. These Regulations may be cited as the Tonnage Tax (Training Requirement) (Amendment etc.) Regulations 2017 and come into force on 1st October 2017.
2.—(1) These Regulations apply for the purposes of calculating the payments in lieu of training for the purposes of the Tonnage Tax (Training Requirement) Regulations 2000(2) in respect of a relevant four month period falling after 30th September 2017.
(2) In paragraph (1), a “relevant four month period” means a period of four months commencing on 1st February, 1st June or 1st October in any year.
3.—(1) The Tonnage Tax (Training Requirement) Regulations 2000 are amended as follows.
(2) In regulation 15(1)(b) (payments in lieu of training) for “£1,236” substitute “£1,259”.
(3) In regulation 21(4) (higher rate of payment in case of failure to meet training requirement) for “£1,151” substitute “£1,172”.
4. The Tonnage Tax (Training Requirement) (Amendment) Regulations 2016(3) are revoked.
Signed by authority of the Secretary of State for Transport
John Hayes
Minister of State
Department for Transport
4th September 2017
(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 which fall to be made in lieu of training and which are payable to the Maritime Training Trust. Payments are to be made in lieu of training where the training commitment of a company or group provides for such payments, or where the company or group does not provide training in accordance with the training commitment.
These Regulations increase the amount payable for each month during a relevant four month period commencing on or after 1st October 2017 in respect of the training requirement under the Tonnage Tax (Training Requirement) Regulations 2000 from £1,236 to £1,259.
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 which is used to calculate the higher rate is increased from £1,151 to £1,172.
These Regulations revoke the Tonnage Tax (Training Requirement) (Amendment) Regulations 2016 which increased the rates in 2016 and are superseded by these Regulations. A full impact assessment has not been published for this instrument as it has minimal impact on the private sector. No impact is expected on the public sector, charities or voluntary bodies. An Explanatory Memorandum is available alongside the instrument on the UK legislation website, www.legislation.gov.uk.
S.I. 2000/2129, amended by S.I. 2015/788 and S.I. 2016/819; there are other amending instruments but none is relevant.