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 £743 to £798 in the amount payable for each month during a relevant four month period, commencing on or after 1st October 2011, 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, which is used to calculate the higher rate, is increased from £676 to £726.

These Regulations also revoke the Regulations which increased the rates in 2010 and are superseded by these Regulations.

An impact assessment has been prepared and copies may be obtained from the Department for Transport, Great Minster House, 76 Marsham Street, London SW1P 4DR. A copy is annexed to the Explanatory Memorandum which is available on the Office of Public Sector Information website (www.opsi.gov.uk). A copy of the assessment has been placed in the Library of the House of Commons.