# The Social Security (Contributions) Amendment (No. 4) Regulations 1998, Regulation 2: Amendment of regulation 19 of the principal Regulations


In regulation 19 of the principal Regulations (payments to be disregarded) before paragraph (1)(n), insert–
“(mm) a payment which comprises any gain on which the earner is chargeable to tax by virtue of section 135 of the Income and Corporation Taxes Act 1988 (gains by directors and employees from share options);”.

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Source: https://www.legislation.gov.uk/uksi/1998/2320/regulation/2 (the official version)
Page: https://openlegislation.uk/social-security-contributions-amendment-no-4-regulations-1998/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.