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The Employment Allowance (Increase of Maximum Amount) Regulations 2022

S.I. 2022/364 · Made 23 March 2022

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Social Security

Made at 1.25 p.m. on 23rd March 2022

Laid before Parliament at 4.15 p.m. on 23rd March 2022

Coming into force 6th April 2022

The Treasury make the following Regulations in exercise of the power conferred by section 5(1)(a) of the National Insurance Contributions Act 2014f1.

Annotations to the whole text

Footnotes

f1

2014 c. 7. Section 74 of the Coronavirus Act 2020 (c. 7) modifies the procedure by which regulations made under section 5(1)(a) which increase a person’s employment allowance are approved by Parliament. It applies negative procedure to such regulations made before the end of the period of 2 years beginning with the day on which that Act is passed.

Contents

  1. 1Citation and commencement
  2. 2Amendment to the National Insurance Contributions Act 2014
  3. Signature
  4. Explanatory note

1Citation and commencement

These Regulations may be cited as the Employment Allowance (Increase of Maximum Amount) Regulations 2022 and come into force on 6th April 2022.

2Amendment to the National Insurance Contributions Act 2014

In section 1(2)(a)f1 of the National Insurance Contributions Act 2014 (employment allowance for national insurance contributions), for “£4,000” substitute “£5,000”.

Signature

Gareth Johnson

Rebecca Harris

Two of the Lords Commissioners of Her Majesty’s Treasury

At 1.25 p.m. on 23rd March 2022

Explanatory note

(This note is not part of the Regulations)

These Regulations amend the National Insurance Contributions Act 2014 (c. 7) (“the Act”). Persons who incur liabilities to pay secondary Class 1 National Insurance contributions during a tax year are entitled under section 1 of the Act to claim an allowance, known as the “employment allowance”, which they can deduct from their payments in respect of these liabilities. Regulation 2 amends section 1(2)(a) of the Act so as to increase the maximum amount of the employment allowance from £4,000 to £5,000 for the tax year 2022-23 and subsequent years.

A Tax Information and Impact Note covering this instrument will be published on the website at http://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.