Regulation 15 Insertion of Regulation 26 C into Schedule 1

After Regulation 26 B in Schedule 1 (payment of earnings-related contributions by employer)^f1 there shall be inserted the following Regulation—

“Payment of Class 1 A contributions 26 C.

(1)

Subject to paragraph (2) of this Regulation, an employer who is liable to pay a Class 1 A contribution shall pay that contribution to the Collector not later than 19th June in the year immediately following the end of the year in respect of which that contribution is payable.

(2)

Where an employer who is liable to pay a Class 1 A contribution is liable to pay earnings-related contributions quarterly in accordance with Regulation 26 A (1), he shall pay the Class 1A contribution to the Collector not later than 19th July in the year immediately following the end of the year in respect of which that contribution is payable.

(3)

If the employer has paid to the Collector under this Regulation an amount in respect of Class 1 A contributions which he was not liable to pay, he shall be entitled to deduct the amount overpaid from any payment in respect of secondary earnings-related contributions which he is liable to pay subsequently to the Collector under Regulation 26 or 26A for any income tax period in the same year.”.