 |
[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback] | |
United Kingdom Statutory Instruments |
||
|
You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Tonnage Tax (Training Requirement) (Amendment) Regulations 2010 No. 2158 URL: http://www.bailii.org/uk/legis/num_reg/2010/uksi_20102158_en_1.html |
||
[New search] [Printable PDF version] [Help]
Statutory Instruments
Taxes
Tonnage Tax
Made
31st August 2010
Laid before the House of Commons
2nd September 2010
Coming into force
1st October 2010
The Secretary of State makes the following Regulations in exercise of the powers conferred by paragraphs 29, 31 and 36 of Schedule 22 to the Finance Act 2000(1):
1. These Regulations may be cited as the Tonnage Tax (Training Requirement) (Amendment) Regulations 2010 and they come into force on 1st October 2010.
2.-�(1) These Regulations apply for the purpose of calculating the payments in lieu of training for the purposes of the Tonnage Tax (Training Requirement) Regulations 2000(2) (-�the 2000 Regulations-�) in respect of a relevant four month period falling after 30th September 2010.
(2) In paragraph (1), -�a relevant four month period-� means a period of four months commencing on 1st October, 1st February or 1st June in any year.
3.-�(1) The 2000 Regulations are amended as follows.
(2) In regulation 15(1)(b) (payments in lieu of training), for -�£685-� substitute -�£743-�.
(3) In regulation 21(4) (higher rate of payment in case of failure to meet training requirement), for -�£623-� substitute -�£676-�.
4. The Tonnage Tax (Training Requirement) (Amendment) Regulations 2009(3) are revoked.
Signed by authority of the Secretary of State for Transport
Mike Penning
Parliamentary Under Secretary of State
Department for Transport
31st August 2010
(This note is not part of the Regulations)
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 £685 to £743 in the amount payable for each month during a relevant four month period commencing on or after 1st October 2010 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 to be used in the calculation is increased from £623 to £676.
These Regulations also revoke the Regulations which increased the rates in 2009 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.