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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Social Security (Contributions) (Re-rating and National Insurance Funds Payments) Order 2007 No. 1052 URL: http://www.bailii.org/uk/legis/num_reg/2007/20071052.html |
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| Made | 28th March 2007 | ||
| Coming into force | 6th April 2007 |
Rate of and small earnings exception from Class 2 contributions
2.
In both section 11 of the Act[13] and section 11 of the Northern Ireland Act[14] (Class 2 contributions)—
Amount of Class 3 contributions
3.
In both section 13(1) of the Act [15] and section 13(1) of the Northern Ireland Act (amount of Class 3 contributions)[16] for "£7.55" substitute "£7.80".
Lower and upper limits for Class 4 contributions
4.
In each of sections 15(3), 18(1) and 18(1A) of the Act[17] and sections 15(3), 18(1) and 18(1A) of the Northern Ireland Act[18] (Class 4 contributions recoverable under the Income Tax Acts and under regulations)—
Prescribed percentage of estimated benefit expenditure – Great Britain
5.
Section 2(2) of the Social Security Act 1993 (payments into the National Insurance Fund out of money provided by Parliament) shall have effect with respect to the tax year 2007-08 and the prescribed percentage of estimated benefit expenditure for the financial year ending with 31st March in that year shall be 2 per cent.
Prescribed percentage of estimated benefit expenditure – Northern Ireland
6.
Article 4(3) of the Social Security (Northern Ireland) Order 1993 (payments into the Northern Ireland National Insurance Fund out of appropriated money) shall have effect with respect to the tax year 2007-08 and the prescribed percentage of estimated benefit expenditure for the financial year ending with 31st March in that year shall be 2 per cent.
Claire Ward
Dave Watts
Two of the Lords Commissioners of Her Majesty's Treasury
28th March 2007
[3] 1992 c. 8; the relevant amendment to section 129 is that made by paragraph 43 of Schedule 3 to the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 (S.I. 1999/671) ("the Transfer Order").back
[4] 1993 c. 3; section 2 was amended by paragraph 60 of Schedule 3 to the Transfer Act.back
[5] S.I. 1993/592 (N.I. 2); article 4(3) was amended by paragraph 52(2) of Schedule 3 to the Transfer Order.back
[6] Section 141(3) was amended by paragraph 44(4) of Schedule 3 to the Transfer Act.back
[7] Section 166(10A) was inserted by paragraph 50(4) of Schedule 3 to the Transfer Order. Subsection (11A) of section 165 of the Administration Act (which provides that regulations and orders made by the Treasury under the Act are statutory instruments) was inserted by paragraph 49(4) of Schedule 3 to the Transfer Order.back
[8] Article 4(8) was substituted by paragraph 52(5) of Schedule 3 to the Transfer Order.back
[9] Section 141(4) and (5) was amended by paragraph 16 of Schedule 1 to the National Insurance Contributions Act 2002 (c. 19). Section 142(2) was amended by paragraph 45(3) of Schedule 3 to the Transfer Act. Section 143(1) was amended by paragraph 90(1) of Schedule 7 to the Social Security Act 1998 (c. 14), paragraph 46(2) of Schedule 3 to the Transfer Act and paragraph 17(2) of Schedule 1 to the National Insurance Contributions Act 2002 and subsection (3) of that section was amended by paragraph 46(3) of Schedule 3 to the Transfer Act. Section 144(2) was amended by paragraph 91 of Schedule 7 to the Social Security Act 1998 and by Part 6 of Schedule 13 to the Welfare Reform and Pensions Act 1999 (c. 30).back
[10] Section 165(11A) was inserted by paragraph 49(4) of Schedule 3 to the Transfer Order.back
[11] See paragraphs 44 to 46, 48, 57 and 60 of Schedule 3 to the Transfer Act and paragraphs 43, 49, 50 and 52 of Schedule 3 to the Transfer Order.back
[13] Section 11 was amended by paragraph 12 of Schedule 3 to the Transfer Act. The figure in subsection (1) was last substituted by article 2(a) of S.I. 2005/878. The figure in subsection (4) was last substituted by article 2 of S.I. 2006/624.back
[14] Section 11 was amended by paragraph 13 of Schedule 3 to the Transfer Order. The figure in subsection (1) was last substituted by article 2(a) of S.I. 2005/878. The figure in subsection (4) was last substituted by article 2 of S.I. 2006/624.back
[15] Section 13 was amended by paragraph 14 of Schedule 3 to the Transfer Act and the figure in subsection (1) was last substituted by article 3 of S.I. 2006/624.back
[16] Section 13 was amended by paragraph 15 of Schedule 3 to the Transfer Order and the figure in subsection (1) was last substituted by article 3 of S.I. 2006/624.back
[17] Section 15(3) was amended by section 3(1) of the National Insurance Contributions Act 2002 and by paragraph 420 of Schedule 1 to the Income Tax (Trading and Other Income) Act 2005 (c. 5). Section 18(1) was amended by paragraph 18(2) of Schedule 3 to the Transfer Act and Schedule 2 to the National Insurance Contributions Act 2002. Section 18(1A) was inserted by section 3(3) of the National Insurance Contributions Act 2002. The amounts in each of these provisions were last substituted by article 4 of S.I. 2006/624.back
[18] Section 15(3) was amended by section 3(2) of the National Insurance Contributions Act 2002 and by paragraph 424 of Schedule 1 to the Income Tax (Trading and Other Income) Act 2005. Section 18(1) was amended by paragraph 18(2) of Schedule 3 to the Transfer Order and Schedule 2 to the National Insurance Contributions Act 2002. Section 18(1A) was inserted by section 3(4) of the National Insurance Contributions Act 2002. The amounts in each of those provisions were last substituted by article 4 of S.I. 2006/624.back
