SI 2018/971 - The Tonnage Tax (Training Requirement) (Amendment etc.) Regulations 2018

Released 07 September 2018

SI 2018/971 increases amounts of tonnage tax payments in lieu of training from 1 October 2018.

The Tonnage Tax (Training Requirement) (Amendment etc.) Regulations 2018 further amend the Tonnage Tax (Training Requirement) Regulations 2000 (SI 2000/2129) 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. The amount payable for each month during a relevant four month period commencing on or after 1 October 2018 is increased from £1,259 to £1,284, or where the higher rate of payment applies, the basic rate used to calculate the higher rate is increased from £1,172 to £1,195. The regulations come into force on 1 October 2018.

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