Regulation 13 Deduction of tax and contributions for self-employed earners

In regulation 25–

(a)

in paragraph (1)–

(i)

for the words “the basic rate of tax” there are substituted the words “the lower rate or, as the case may be, the lower rate and the basic rate of tax”; and

(ii)

after the words “less than a year,” there are inserted the words “the earnings to which the lower rate and, if appropriate, the basic rate of tax is to be applied and”; and

(b)

for sub-paragraph (a) of paragraph (2) there is substituted–

“(a)

the amount of Class 2 contributions payable under subsection (1) or, as the case may be, subsection (3) of section 11 of the 1992 Act except where the relevant person’s chargeable income is less than the amount for the time being specified in subsection (4) of that section (small earnings exception); and”; and

(c)

in sub-paragraph (b) of paragraph (2) for the words “section 9” there are substituted the words “section 15”.