Regulation 3 Amendment of the principal NI Regulations

(1)

The principal NI Regulations shall be amended in accordance with paragraphs (2) and (3) of this regulation.

(2)

In regulation 2(1) (meaning of “small employer”) for “£20,000” there shall be substituted “£40,000”.

(3)

In regulation 3 (amount of additional payment to which a small employer shall be entitled)—

(a)

for “6th April 1999” there shall be substituted “6th April 2002”; and

(b)

for “5 per cent.” there shall be substituted “4.5 per cent.”.