C1C2 Part I Contributions

Annotations:
Modifications etc. (not altering text)
C1

Pt. I (ss. 1-19): power to modify conferred (7.2.1994) by 1993 c. 49, s. 35, Sch. 1 Pt. I para. 5(3)(d); S.R. 1994/17, art. 2

Pt. I (ss. 1-19) amended (1.4.1999) by 1999 c. 2, s. 3(1)(7); S.I. 1999/527, art. 2(b), Sch. 2

Class 2 contributions

12 Late paid Class 2 contributions.

1

This section applies to any Class 2 contribution F2under section 11(6) paid in respect of a week falling within a tax year (“the contribution year”) earlier than the tax year in which it is paid (“the payment year”).

2

Subject to subsections (3) F3and (4) below, the amount of a contribution to which this section applies shall be the amount which the earner would have had to pay if he had paid the contribution in the contribution year.

3

Subject to subsections F4(4) and (6) below, in any case where—

a

the earner pays an ordinary contribution to which this section applies after the end of the tax year immediately following the contribution year; and

b

the weekly rate of ordinary contributions for the week in respect of which the contribution was payable in the contribution year differs from the weekly rate applicable at the time of payment in the payment year,

the amount of the contribution shall be computed by reference to the highest weekly rate of ordinary contributions in the period beginning with the week in respect of which the contribution is paid and ending with the day on which it is paid.

4

The F1Treasury may by regulations direct that subsection (3) above shall have effect in relation to a higher-rate contribution to which this section applies subject to such modifications as may be prescribed.

F55

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

The F1Treasury may by regulations provide that the amount of any contribution which, apart from the regulations, would fall to be computed in accordance with subsection (3) F6... above shall instead be computed by reference to a tax year not earlier than the contribution year but earlier—

a

F7... than the payment year; F8...

F8b

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F97

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8

In this section—

  • “ordinary contribution” means a contribution F10of the amount specified in section 11(6); and

  • “higher-rate contribution” means a contribution F11of an amount provided for in regulations under section 11(8).