Statutory Instruments
SOCIAL SECURITY
Made
15th March 1999
Laid before Parliament
16th March 1999
Coming into force
6th April 1999
The Secretary of State for Social Security, with the concurrence of the Inland Revenue(1), in exercise of powers conferred by sections 122(1)(2) and 175(1) to (3) of, and paragraph 6(1)(3) of Schedule 1 to, the Social Security Contributions and Benefits Act 1992 and of all other powers enabling him in that behalf, after agreement by the Social Security Advisory Committee that proposals to make these Regulations should not be referred to it(4), hereby makes the following Regulations:
1.—(1) These Regulations may be cited as the Social Security (Contributions) Amendment (No. 2) Regulations 1999 and shall come into force on 6th April 1999.
(2) In these Regulations “the principal Regulations” means the Social Security (Contributions) Regulations 1979(5).
2. In Regulation 26A(3)(6) of Schedule 1(7) to the principal Regulations (which specifies the average monthly total amount of tax and earnings-related contributions by reference to which an employer can choose to pay contributions quarterly) for “£600”, substitute “£1,000”.
Signed by authority of the Secretary of State for Social Security.
Stephen C. Timms
Minister of State,
Department of Social Security
15th March 1999
The Commissioners of Inland Revenue hereby concur.
S. C. T. Matheson
G. H. Bush
Two of the Commissioners of Inland Revenue
15th March 1999
(This note is not part of the Regulations)
These Regulations further amend the Social Security (Contributions) Regulations 1979 (“the principal Regulations”).
Regulation 2 of these Regulations amends Regulation 26A(3) of Schedule 1 to the principal Regulations by increasing from £600 to £1,000 the figure by reference to which an employer can choose to pay contributions quarterly rather than monthly.
These Regulations impose no costs on business.
See paragraph 6(1) of Schedule 1 to the Social Security Contributions and Benefits Act 1992 (c. 4).
Section 122(1) is cited because of the meaning ascribed to the word “prescribe”.
Paragraph 6(1) is amended by paragraph 77(8) of Schedule 7 to the Social Security Act 1998 (c. 14).
See section 173(1)(b) of the Social Security Administration Act 1992 (c. 5).
Regulation 26A was inserted by regulation 2(3) of S.I. 1991/1632 and paragraph (3) was amended by regulation 7 of S.I. 1992/1440 and regulation 3(2) of S.I. 1995/730.
Schedule 1 contains (with extensions and modifications) provisions formerly contained in the Income Tax (Employments) Regulations 1973 (S.I. 1973/334) as they applied to earnings-related contributions under the Social Security Act 1975 (c. 14) and subsequently to Class 1A Contributions under the Social Security Contributions and Benefits Act 1992.