# The Social Security (Contributions) (Amendment No. 4) Regulations 2003, Regulation 2: Amendment of the principal Regulations


(1) Amend paragraph 7 of Schedule 4 as follows.
(2) In sub-paragraph (3) for “the same year” substitute “the same year and, where the case falls within paragraph (b), during the following year”.
(3) At the end of sub-paragraph (5) add—
“This is subject to the following qualification.”.
(4) After sub-paragraph (5) insert—
“(5A) Where a payment—
(a) falls within sub-paragraph (4)(e),
(b) comprises a beneficial interest in shares, or
(c) is treated as earnings within the meaning of Part 7 of the Income Tax (Earnings and Pensions) Act 2003,
sub-paragraph (5B) applies.
(5B) If this sub-paragraph applies—
(a) sub-paragraph (5)(a) shall have effect as if “, but not in excess of,” were omitted; and
(b) sub-paragraph (8) shall have effect as if at the end there were added “or the following year””.

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Source: https://www.legislation.gov.uk/uksi/2003/1337/regulation/2 (the official version)
Page: https://openlegislation.uk/social-security-contributions-amendment-no-4-regulations-2003/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.