Article 4 Lower limit for Class 4 contributions
In sections 15(3) and 18(1) and (1A) of the Actf1 and the Northern Ireland Actf2 (Class 4 contributions recoverable under the Income Tax Acts and under regulations) for “£7,225” (lower limit) in each place where it appears, substitute “£7,605”.
Annotations
Footnotes
- f1
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Section 15(3) was substituted by section 3(1) of the National Insurance Contributions Act 2002 (c. 19) and was amended by paragraph 420(3) of Schedule 1 to the Income Tax (Trading and Other Income) Act 2005 (c. 5). Section 18(1) was amended by paragraph 18(2) of Schedule 3 to the Transfer Act and by Schedule 2 to the National Insurance Contributions Act 2002. Section 18(1A) was inserted by section 3(3) of the National Insurance Contributions Act 2002. The amounts in each of these provisions were last substituted by article 4 of S.I. 2011/938.
- f2
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Section 15(3) was substituted by section 3(2) of the National Insurance Contributions Act 2002 and was amended by paragraph 424 of Schedule 1 to the Income Tax (Trading and Other Income) Act 2005. Section 18(1) was amended by paragraph 18(2) of Schedule 3 to the Transfer Order and by Schedule 2 to the National Insurance Contributions Act 2002. Section 18(1A) was inserted by section 3(4) of the National Insurance Contributions Act 2002. The figures in each of those provisions were last substituted by article 4 of S.I. 2011/938.