Regulation 4 Amendments to the principal Regulations

(1)

Schedule 1 to the principal Regulations (application of the Income Tax (Employments) Regulations 1973^f1 to earnings-related contributions, Class 1A contributions and Class 1B contributions) shall be amended in accordance with the following provisions.

(2)

In Regulation 13(6)(b)^f2.

(a)

in head (ii) there shall be added at the end the words “and the current secondary threshold”;

(b)

head (iii) shall be omitted; and

(c)

in head (iiia) after the word “exceed” where it first appears there shall be inserted the words “the current primary threshold and”.

(3)

In Regulation 13(6)(c) for the words from “any reduction” to the end there shall be substituted—

“—

(i)

any reduction calculated in accordance with section 41(1) and (1A) or 42A(1) and (2) of the Pension Schemes Act 1993^f3 on the amount of a primary Class 1 contribution in respect of earnings recorded under sub-paragraph (b)(ii) which is available for set-off against (and does not exceed) the amount recorded under sub-paragraph (b)(v), and

(ii)

any reduction calculated in accordance with section 41(1) and (1B) or 42A(1) and (2A) of that Act on the amount of a secondary Class 1 contribution in respect of earnings recorded under sub-paragraph (b)(ii), aggregated wtih any balance of the reduction in respect of earnings referred to in head (i) which exceeds the amount which may be set-off as therein mentioned.”

(4)

In Regulation 25(a)^f4—

(a)

head (ib) shall be omitted;

(b)

in head (ic) for the word “secondary” there shall be substituted the word “primary”;

(c)

heads (ii) and (v) shall be omitted; and

(d)

in the words following head (vi) “, (v)” shall be omitted.

(5)

In Regulation 30(1)(c)^f5 for head (ii) there shall be substituted the following heads—

“(ii)

Regulation 13(6)(c)(i), and

(iii)

Regulation 13(6)(c)(i) and (ii) aggregated together, and”.

Annotations

Footnotes

f1: S.I. 1973/334; this and its subsequent amending instruments were consolidated as S.I. 1993/744.
f2: Regulation 13(6) was substituted by regulation 19 of S.I. 1999/568 and amended by regulation 9(2) of S.I. 2000/747 and regulation 23 of S.I. 2000/2207.
f3: 1993 c. 48; section 41 was substituted by paragraph 127 of Schedule 7 to the Social Security Act 1998 (c. 14) and amended by paragraph 6 of Schedule 9 to the Welfare Reform and Pensions Act 1999 (c. 30). Section 42A was inserted by section 137(5) of the Pensions Act 1995 (c. 26) and relevantly amended by paragraph 128 of Schedule 7 to the Social Security Act 1998 and paragraph 7 of Schedule 9 to the Welfare Reform and Pensions Act 1999.
f4: Regulation 25(a)(ia), (ib) and (ic) were substituted by regulation 9 of S.I. 2000/747.
f5: Regulation 30(1)(c) was substituted by regulation 19 of S.I. 1999/568 and amended by regulation 9(4) of S.I. 2000/747.