Explanatory note
(This note is not part of the Regulations)
These Regulations amend the Social Security (Contributions) Regulations (Northern Ireland) 1979 (S.R. 1979 No. 186) (“the principal Regulations ”).
Regulation 1 provides for the commencement, citation and interpretation of this instrument.
Regulation 2 makes a drafting correction to regulation 37A(3)(c)(ii) of the principal Regulations.
Regulation 3 amends Schedule 1 to the principal Regulations (which contains the Income Tax (Employments) Regulations 1973 (S.I. 1973/334) as applied with modifications for the purposes of earnings-related contributions, Class 1A and Class 1B contributions) by replacing paragraph (3) of regulation 26A in that Schedule. As a result of the amendment, the employer may choose to account to the Collector on a quarterly basis if he has reasonable grounds for believing that the average monthly amount which he would be liable to pay to the Collector in the year of assessment in respect of—
national insurance contributions,
PAYE tax,
deductions from payments to sub-contractors in the construction industry, and
repayments in respect of student loans deducted from earnings,
after deducting the amount which he would be liable to pay by way of tax credit under regulation 6(2) of the Tax Credits (Payments by Employers) Regulations 1999 (S.I. 1999/3219), is less than £1,500.