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Social Security Act 1998
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Changes over time for: Section 50
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Social Security Act 1998, Section 50 is up to date with all changes known to be in force on or before 22 November 2024. 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.
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Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
- Act applied (with modifications) by S.I. 2010/1907 reg. 16(2)(c) Sch. 2
- Act applied (with modifications) by S.I. 2010/875 reg. 16 Sch. 2 (This amendment not applied to legislation.gov.uk. S.I. 2010/875 revoked (27.8.2010) before coming into force by S.I. 2010/1906, regs. 1(2), 2)
- Act power to apply (with modifications) conferred by 2004 c. 6 s. 24(5)-(7)
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 38(1A) inserted by 2009 c. 24 s. 20(2) (This amendment not applied to legislation.gov.uk. Ss. 16-21 repealed (1.4.2013) by 2012 c. 5, s. 73; S.I. 2012/3090, art. 2(1)(b))
- Sch. 2 para. 7A and cross-head inserted by 2012 c. 5 Sch. 2 para. 50(3)
- Sch. 18 functions modified by S.I. 2000/2853 reg. 3(1) Sch. 2 para. 4
- Sch. 24 functions modified by S.I. 2000/2853 reg. 3(1) Sch. 2 para. 5
50Payments treated as remuneration and earnings
(1)For subsection (4) of section 4 of the Contributions and Benefits Act (payments treated as remuneration and earnings) there shall be substituted the following subsection—
“(4)For the purposes of section 3 above there shall be treated as remuneration derived from an employed earner’s employment—
(a)any gain on which the earner is chargeable to tax by virtue of section 135 (gains by directors and employees from share options) of the Income and Corporation Taxes Act 1988 (“the 1988 Act”);
(b)any sum paid (or treated as paid) to or for the benefit of the earner which is chargeable to tax by virtue of section 313 of the 1988 Act (taxation of consideration for certain restrictive undertakings).”
F1(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)Subsection (1) above, so far as relating to a sum which is chargeable to tax by virtue of section 313 of the Income and Corporation Taxes Act 1988, shall have effect in relation to any undertaking given on or after 10th July 1997.
(4)Regulations under subsection (6) of section 4 of the Contributions and Benefits Act (as inserted by subsection (2) above)—
(a)shall not be made before the passing of the Finance Act 1998; but
(b)may make provision having effect in relation to acquisitions on or after 6th April 1998.
Textual Amendments
F1S. 50(2) repealed (with effect in accordance with Sch. 9 Pt. 8(1) Note 1 of the amending Act) by Child Support, Pensions and Social Security Act 2000 (c. 19), s. 86(1)(2), Sch. 9 Pt. VIII(1) (with s. 83(6))
Commencement Information
I1S. 50(1) in force at Royal Assent for certain purposes by s. 87(2)(b)
I2S. 50(1) in force at 8.9.1998 in so far as not already in force by S.I. 1998/2209, art. 2(a), Sch. Pt. I
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