Regulation 2 Amendment of regulation 10 of the National Insurance (Assessment of Graduated Contributions) Regulations 1967

In regulation 10(1) of the National Insurance (Assessment of Graduated Contributions) Regulations 1967^f1 (remuneration to be disregarded), for the words “unless it is included in that person's cumulative emoluments” there shall be substituted the following:—

“unless—

(a)

it is included in that person's cumulative emoluments, or

(b)

it is a sum in respect of which relief from income tax is allowable by way of deduction from that person's emoluments.”

In proviso (a) to paragraph (2) of the said regulation 10 after the words “cumulative emoluments” there shall be inserted the words “or comprises or represents sums specified in paragraph (1)(b) of this regulation.”.