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3.—(1) The Social Security (Credits) Regulations 1975(1) are amended as follows.
(2) In regulation 7B(2) (credits for disability element of working tax credit)(2)—
(a)after sub-paragraph (a) omit “or”; and
(b)for sub-paragraph (b) substitute—
“(b)a self-employed earner whose profits for the year are below the small profits threshold specified in section 11(4) of the Contributions and Benefits Act(3), who would otherwise be liable to pay a Class 2 contribution; or
(c)excepted from liability to pay a Class 2 contribution by virtue of regulation 43 of the Social Security (Contributions) Regulations 2001(4).”.
(3) In regulation 7C(1) (credits for working tax credit)(5)—
(a)after sub-paragraph (a) omit “or”; and
(b)for sub-paragraph (b) substitute—
“(b)a self-employed earner—
(i)whose profits for the year are below the small profits threshold specified in section 11(4) of the Contributions and Benefits Act, who would otherwise be liable to pay a Class 2 contribution; or
(ii)who is excepted from liability to pay a Class 2 contribution by virtue of regulation 43 of the Social Security (Contributions) Regulations 2001,”.
Regulation 7B was inserted by S.I. 1991/2772 and amended by S.I. 1996/2367 and 2003/455.
Section 11 was substituted by section 2 of, and paragraph 3 of Schedule 1 to the National Insurance Contributions Act 2015 (c.5) with effect for the tax year 2015-16 and subsequent tax years.
S.I. 2001/1004. Regulation 43 was amended by S.I. 2002/2924 and 2015/478.
Regulation 7C was inserted by S.I. 1995/2558, relevant amending instruments are S.I. 2000/1483 and 2003/455.
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