[F1(1)For the purpose of adjusting amounts payable by way of primary Class 1 contributions, the [F2Treasury] may at any time make an order altering the percentage rate specified as the [F3main primary percentage in section 8(2)(a)] of the Contributions and Benefits Act.
(2)For the purpose of adjusting amounts payable by way of secondary Class 1 contributions, the [F2Treasury] may at any time make an order altering the percentage rate specified as the secondary percentage in section 9(2) of the Contributions and Benefits Act.
(3)No order shall be made under this section so as to increase for any tax year the [F4main] primary percentage, or the secondary percentage, to a percentage rate more than 0.25 per cent higher than that applicable at the end of the preceding tax year.]
(4)Without prejudice to section 141 or 143 above, the [F2Treasury] may make such order—
(a)amending section 11(1) of the Contributions and Benefits Act by altering the figure specified in that subsection as the weekly rate of Class 2 contributions;
(b)amending section 13(1) of that Act by altering the figure specified in that subsection as the amount of a Class 3 contribution,
as [F5the Treasury think] fit in consequence of the coming into force of an order made or proposed to be made under subsection (1) above.
Textual Amendments
F1S. 145(1)-(3) substituted (6.4.1999) by Social Security Act 1998 (c. 14), s. 87(2), Sch. 7 para. 92; S.I. 1999/418, art. 2
F2Words in s. 145 substituted (1.4.1999) by Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2), s. 28(3), Sch. 3 para. 49(a); S.I. 1999/527, art. 2(b), Sch. 2
F3Words in s. 145(1) substituted (with effect in relation to the tax year 2003-04 and subsequent tax years) by National Insurance Contributions Act 2002 (c. 19), s. 8(2), Sch. 1 para. 18(2)
F4Word in s. 145(3) inserted (with effect in relation to the tax year 2003-04 and subsequent tax years) by National Insurance Contributions Act 2002 (c. 19), s. 8(2), Sch. 1 para. 18(3)
F5Words in s. 145(4) substituted (1.4.1999) by Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c. 2), s. 28(3), Sch. 3 para. 49(b); S.I. 1999/527, art. 2(b), Sch. 2