Section 2 Transitional NICs rates for tax year 2022-23 etcI1

United Kingdom

(1)

The following provisions of section 5 of the Health and Social Care Levy Act 2021 (modification of rates of national insurance contributions for tax year 2022-23) continue to have effect in relation to payments of earnings made before 6 November 2022—

(a)

in subsection (2), paragraphs (a) and (b) (primary Class 1 percentages and secondary Class 1 percentage: Great Britain);

(b)

in subsection (4), paragraphs (a) and (b) (primary Class 1 percentages and secondary Class 1 percentage: Northern Ireland).

(2)

Part 1 of the Social Security Contributions and Benefits Act 1992 has effect for the tax year 2022-23 as if, in section 15(3ZA) (calculation of Class 4 contributions)—

(a)

in paragraph (a) (main Class 4 percentage), for “9” there were substituted “9.73”, and

(b)

in paragraph (b) (additional Class 4 percentage), for “2” there were substituted “2.73”.

(3)

Part 1 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 has effect for the tax year 2022-23 as if, in section 15(3ZA) (calculation of Class 4 contributions)—

(a)

in paragraph (a) (main Class 4 percentage), for “9” there were substituted “9.73”, and

(b)

in paragraph (b) (additional Class 4 percentage), for “2” there were substituted “2.73”.

(4)

The Schedule contains—

(a)

further transitional provision, and

(b)

a power to make consequential provision.

Annotations

Commencement

I1: S. 2 in force at Royal Assent