SI 2019/1227 - The Tonnage Tax (Training Requirement) (Amendment etc.) Regulations 2019
Released 06 September 2019
SI 2019/1227 increases amounts of tonnage tax payments in lieu of training from 1 October 2019.
The Tonnage Tax (Training Requirement) (Amendment etc.) 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 regulations increase the amount payable for each month during a relevant four month period commencing on or after 1 October 2019 in respect of the training requirement under SI 2000/2129 from £1,284 to £1,309. 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 £1,195 to £1,218. The regulations revoke the Tonnage Tax (Training Requirement) (Amendment etc.) Regulations 2018 (2018/971) which increased the rates in 2018 and are superseded by these regulations. The regulations come into force on 1 October 2019.