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HMRC internal manual

Tonnage Tax Manual

Tonnage Tax (Training Requirement) Regulations 2000: Regulation 12

End of period adjustments

SI00/2129/REG12(1) A tonnage tax company or tonnage tax group shall make a return (known as an “end of period adjustment”) within 30 days after the end of each relevant four month period.

(2) The return shall be made to the Secretary of State and to the Maritime Training Trust.

(3) The return shall contain the following information –

(a) the number of eligible officer trainees for whom training on a relevant course has been provided, determined as at the first day of each month in the relevant four month period;

(b) where there is an increase in the total number of qualifying ships operated by the company or group, compared with the training commitment, which occurs during the relevant four month period and relates to a period of not less than one month, details of -

(i) the additional ships, and  
(ii) any consequent increase in the number of eligible officer trainees for whom training should have been provided in order to meet the minimum training obligation of the company or group referred to in regulation 3; and  

(c) details of the payments made or proposed to be made in lieu of training in respect of the relevant four month period.


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