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The Social Security (Contributions) Regulations 2001

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Changes over time for: Section 148C

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Changes to legislation:

The Social Security (Contributions) Regulations 2001, Section 148C is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

[F1148C.(1) This regulation applies in relation to a person (P)—

(a)who is F2... entitled under section 11(6) of the Act, to pay one or more Class 2 contributions [F3or is treated, as a result of section 11(5B) of the Act, as having actually paid one or more Class 2 contributions,] in respect of a contribution week in a relevant tax year;

(b)who does not carry on a trade, profession or vocation the profits of which (if any) would be chargeable to income tax under Chapter 2 of Part 2 of the Income Tax (Trading and Other Income) Act 2005 for the relevant tax year; and

(c)in respect of whom regulation 148B applies in relation to the relevant tax year.

(2) Section 11(5) of the Act (Class 2 contributions payable in the same manner as Class 4 contributions) does not apply in relation to the Class 2 contributions (if it would otherwise do so).

F4(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F5(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5) If P is entitled to pay a Class 2 contribution under section 11(6) of the Act, P may—

(a)make a return in such form as may be approved by HMRC; and

(b)pay the contribution.

[F6(5A) If P is treated (as a result of section 11(5B) of the Act) as having actually paid a Class 2 contribution, P must, no later than 31st January next following the end of the relevant tax year, make a return in such form as may be approved by HMRC.]

(6) P must keep such records as may be necessary for the purposes of calculating P’s—

(a)relevant profits from the employment for the purposes of [F7section 11(5B)] of the Act; and

(b)F8... entitlement to pay a Class 2 contribution, [F9or entitlement to be treated as having actually paid such a contribution,]

for the relevant tax year and preserve such records until the sixth anniversary of the 31st January next following the end of the relevant tax year.]

Textual Amendments

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