SI 2023/983 was made on 7 September 2023 and comes into force on 1 October 2023.
“These Regulations further amend the Tonnage Tax (Training Requirement) Regulations 2000 (S.I. 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 (Registered Office: 30 Park Street, London, SE1 9EQ). 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 as described in paragraph 25 of Schedule 22 of the Finance Act 2000 (c. 17).
Regulation 4 increases the amount payable for each month during a relevant four month period commencing on or after 1st October 2023 in respect of the training requirement under the Tonnage Tax (Training Requirement) Regulations 2000 from £1,326 to £1,421.
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 £1,234 to £1,329.
Regulation 5 revokes the Tonnage Tax (Training Requirement) (Amendment etc.) Regulations 2021 (S.I. 2021/1030) which increased the rates in 2021 and are superseded by these Regulations. An impact assessment has not been prepared for this instrument as no, or no significant impact on the private, voluntary or public sector is foreseen. An Explanatory Memorandum has been published alongside these Regulations and is available with the instrument at www.legislation.gov.uk.”