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Tonnage tax regulations

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These amending regulations increase the amount of the payments which are required in lieu of training and are payable to the Maritime Training Trust. The amount payable for each month during a relevant four-month period beginning on or after 1 October 2015 in respect of the training requirement under the Tonnage Tax (Training Requirement) Regulations 2000 is increased from £1,202 to £1,218. 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 £1,119 to £1,134. The regulations also revoke the Tonnage Tax (Training Requirement) (Amendment) Regulations 2014, SI 2014/2394. See

Issue: 1276
Categories: News , Corporate taxes