Amendment of regulations 22C, 22D and 22F of the principal regulations

2.  –

(1) Regulations 22C, 22D and 22F of the principal regulations(1) (Class 1A contributions in respect of certain cars and certain earners) shall be amended in accordance with paragraphs (2) and (3) of this regulation.

(2) In regulation 22C (Class 1A contributions payable where two or more cars are made available concurrently)–

(a) for paragraph (1) there shall be substituted the following paragraph–

“(1) This regulation applies where the amount of any Class 1A contribution payable for any year does not reflect a reduction in the cash equivalent of the benefit of the car as provided for by paragraph 2 of Schedule 6 to the 1988 Act(2), because of the application of paragraph 4 of that Schedule (modified reduction in cash equivalent where two or more cars are made available concurrently).”;

(b) in paragraph (2) for the words from “shall be so reduced” to “paragraph 5(3)” there shall be substituted “shall be equal to the amount which would have been payable if paragraph 4”.

(3) In regulations 22D(3) and 22F(3)–

(a) for “paragraph 2(2)” there shall be substituted “paragraph 9”;

(b) for “paragraph 3(2) of Schedule 6” there shall be substituted “paragraph 3(a) of Schedule 6”;

(c) for “the said paragraph 3(2))” there shall be substituted “the said paragraph 3(a) of Schedule 6)”;

(d) for “paragraphs 5(2) and 3(2) of Schedule 6” there shall be substituted “paragraphs 3(b) and 3(a) of Schedule 6”;

(e) for “the said paragraphs 5(2) and 3(2))” there shall be substituted “the said paragraphs 3(b) and 3(a) of Schedule 6)”;

in each place where they occur.

(1)

Regulations 22A to 22G were inserted by regulation 2 of S.R. 1992 No.126

(2)

Schedule 6 was substituted by paragraph 5 of Schedule 3 to the Finance Act 1993 (c. 34)