Section 18A Class 4 contributions: partnershipsF1
The Treasury may by regulations—
modify the way in which liabilities for Class 4 contributions of a partner in a firm are determined, or
otherwise modify the law relating to Class 4 contributions,
as they consider appropriate to take account of the passing or making of a provision of the Income Tax Acts relating to firms or partners in firms.
“Firm” has the same meaning as in the Income Tax (Trading and Other Income) Act 2005 (and includes a limited liability partnership in relation to which section 863(1) of that Act applies); and “partner” is to be read accordingly and includes a former partner.
Regulations under this section may have retrospective effect; but they may not have effect before the beginning of the tax year in which they are made.
Annotations
Textual amendments
- F1
S. 18A inserted (13.5.2014) by National Insurance Contributions Act 2014 (c. 7), s. 13(2)(7)
Notes on Part I
Modifications
- C1
Pt. 1 modified (2.4.1999) by The New Deal (25 plus) (Miscellaneous Provisions) Order 1999 (S.I. 1999/779), arts. 1(1), 2
- C2
Pt. 1 modified (6.4.2001) by The Social Security (Contributions) Regulations 2001 (S.I. 2001/1004), regs. 1(1), 125 (as amended (6.4.2017) by S.I. 2017/416, regs. 1(2), 2; (6.4.2019) by S.I. 2019/555, regs. 1(2), 2)
- C3
Pt. 1 modified (13.9.2001) by The New Deal (Lone Parents) (Miscellaneous Provisions) Order 2001 (S.I. 2001/2915), arts. 1(1), 2
- C4
Pt. 1 modified (for the tax year 2022-23) by Health and Social Care Levy Act 2021 (c. 28), s. 5(2) (with s. 7(2)) (which Act was repealed (25.10.2022) by Health and Social Care Levy (Repeal) Act 2022 (c. 43), s. 1 (with savings and transitional modifications of Pt. 1 in s. 2, Sch. paras. 1-3, 5))
- C5
Pt. 1 modified (in relation to the tax year 2023-24) by National Insurance Contributions (Reduction in Rates) Act 2023 (c. 57), Sch. para. 1(1)-(3)