Paragraph 4

(1)

Section 12 (late paid Class 2 contributions) is amended as follows.

(2)

In subsection (1), after “Class 2 contribution” insert “ under section 11(6) ”.

(3)

In subsection (2), for “to (5)” substitute “ and (4) ”.

(4)

In subsection (3), for “(4) to (6)” substitute “ (4) and (6) ”.

(5)

Omit subsection (5).

(6)

In subsection (6)—

(a)

omit “or (5)”;

(b)

in paragraph (a), omit “in a case falling within subsection (3) above,”;

(c)

omit paragraph (b) and the word “and” preceding it.

(7)

Omit subsection (7).

(8)

In subsection (8)—

(a)

in the definition of “ordinary contribution”, for “under section 11(1) above” substitute “ of the amount specified in section 11(6) ”;

(b)

in the definition of “higher-rate contribution”, for the words from “under regulations” to the end substitute “ of an amount provided for in regulations under section 11(8) ”.