Article 5 Percentage rate and lower and upper limits for Class 4 contributions

In section 15(3) and section 18(1) of the Act (Class 4 contributions recoverable under the Income Tax Acts and under regulations)^f1

(a)

for the percentage rate figure “7.3 per cent.” in both places where it appears there shall be substituted the figure “6 per cent.”;

(b)

for the figure “£6,640” (lower limit) in each place where it appears there shall be substituted the figure “£6,860”;

(c)

for the figure “£22,880” (upper limit) in both places where it appears there shall be substituted the figure “£23,660”.

Annotations

f1: The lower and upper limits were further amended by article 5 of S.I. 1995/561 from 6th April 1995 and the percentage rate figure was amended by article 5 of S.I. 1994/544 from 6th April 1994.