Regulation 5 Amendment of regulation 31 of the principal Regulations

in paragraph (1) after “Class 1A”, insert “, Class 1B”;

for paragraph (2), substitute—

“(2)

Where the whole or any part of a Class 1A contribution or a Class 1B contribution falls to be returned by the Secretary of State to any person under regulation 32(1)^f2 of these Regulations, or any part of a Class 1A contribution falls to be repaid by the Secretary of State to any person under regulation 33A(1)^f3 of these Regulations, the Secretary of State may treat—

(a)

the amount of that Class 1A contribution or, as the case may be, any part of such a contribution, as a payment on account of any secondary Class 1 contributions, Class 1B contribution or Class 2 contributions;

(b)

the amount of that Class 1B contribution or, as the case may be, any part of such a contribution, as a payment on account of any secondary Class 1 contributions, Class 1A contribution or Class 2 contributions,

properly payable by that person.”.