The Tonnage Tax (Training Requirement) (Amendment) Regulations 2001

• Citation: S.I. 2001/3999
• Sections: 4

Section 1 Citation and commencement

These Regulations may be cited as the Tonnage Tax (Training Requirement) (Amendment) Regulations 2001 and shall come into force on 1st February 2002.

Section 2 Interpretation

In these Regulations “relevant four month period” means a period of four months commencing 1st October, 1st February or 1st June.

Section 3 Payments in lieu of training

(1) The Tonnage Tax (Training Requirement) Regulations 2000 shall be amended as follows.

(2) In regulation 15(1)(b), for “£550” there shall be substituted “£562”.

(3) In regulation 21(4), for “£500” there shall be substituted “£512”.

Section 4 Payments in lieu of training

These Regulations apply for the purpose of calculating the payments in lieu of training in respect of a relevant four month period falling on or after 1st February 2002.