The Tonnage Tax (Training Requirement) (Amendment) Regulations 2004

• Citation: S.I. 2004/2255
• Sections: 4

Section 1 Citation and commencement

These Regulations may be cited as the Tonnage Tax (Training Requirement) (Amendment) Regulations 2004 and shall come into force on 1st October 2004.

Section 2 Interpretation

In these Regulations, “relevant four month period” means a period of four months commencing on 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) (payments in lieu of training), for “£591” substitute “£608” and in regulation 21(4) (higher rate of payment in case of failure to meet training requirement), for “£538” substitute “£553”.

Section 4 Application

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 October 2004.