{
  "url": "https://openlegislation.uk/social-security-contributions-amendment-no-5-regulations-2003/regulation-10",
  "json_url": "https://openlegislation.uk/social-security-contributions-amendment-no-5-regulations-2003/regulation-10.json",
  "legislation": "uksi/2003/2085",
  "legislation_title": "The Social Security (Contributions) (Amendment No. 5) Regulations 2003",
  "legislation_url": "https://openlegislation.uk/social-security-contributions-amendment-no-5-regulations-2003",
  "path": "regulation/10",
  "kind": "regulation",
  "number": "10",
  "heading": "Amendment of the principal Regulations",
  "text": "(1) Amend Part 3 (payments by way of readily convertible assets which are not disregarded as payments in kind) as follows.\n(2) For paragraphs 1 and 2 substitute—\n“1. A readily convertible asset within the meaning of section 702 of ITEPA 2003.\n2. An asset which, in accordance with section 697 of ITEPA 2003 (PAYE: enhancing the value of an asset), would be treated, for the purposes of section 696 of that Act, as a readily convertible asset.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Subsections (5A) to (5D) were inserted, and subsection (6) amended, by paragraph 15(2) and (3) of Schedule 22."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2003/2085/regulation/10",
    "retrieved_at": "2026-10-29T06:02:41.084584+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}