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

In each of sections 15(3) and 18(1) of the Act^f1 and sections 15(3) and 18(1) of the Northern Ireland Act^f2 (Class 4 contributions recoverable under the Income Tax Acts and under regulations)—

(a)

for “6” (percentage rate) there shall be substituted “7”;

(b)

for “£7,530” (lower limit) in each place where it appears, there shall be substituted “£4,385”;

(c)

for “£26,000” (upper limit) there shall be substituted “£27,820”.

Annotations

Footnotes

f1: Section 15(3) was amended by Articles 1 and 5(a) of S.I. 1996/597, and the lower and upper limits were last amended by Article 4 of S.I.1999/263. Section 18(1) was amended by Article 5(a) of S.I. 1996/597 and paragraph 18 of Schedule 3 to the Social Security Contributions (Transfer of Functions, etc.) Act 1999 and the lower and upper limits were last amended by Article 4 of S.I. 1999/263.
f2: Section 15(3) was amended by Article 5(a) of S.R. 1996 No. 72, and the lower and upper limits were last amended by Article 4 of S.R. 1999 No. 51. Section 18(1) was amended by Article 5(a) of S.R. 1996 No. 72 and paragraph 18(2) of Schedule 3 to S.I. 1999/671, and the lower and upper limits were last amended by Article 4 of S.R. 1999 No. 51.