National Insurance Contributions (Reduction in Rates) Act 2023

Power to make further consequential provision

5(1)The Treasury may by regulations made by statutory instrument—

(a)make such provision as they consider appropriate in consequence of this Act, and

(b)make such transitional or saving provision as they consider appropriate in connection with the coming into force of any provision of this Act.

(2)Regulations under this paragraph may (among other things)—

(a)amend, repeal or revoke provision made by or under any enactment;

(b)make provision having retrospective effect from no earlier than 6 April 2023.

(3)Subsections (3) and (4) of section 175 of the Social Security Contributions and Benefits Act 1992 (provision which may be made by regulations) apply to regulations under this paragraph as they apply to regulations under that Act.

(4)A statutory instrument containing regulations under this paragraph is subject to annulment in pursuance of a resolution of either House of Parliament.