Part I Contributions

Class 4 contributions

18 Class 4 contributions recoverable under regulations.

(1)

F1The Inland Revenue may by regulations make provision so that where—

(a)

an earner, in respect of any one or more employments of his, is treated by regulations under section 2(2)(b) above as being self-employed; and

(b)

in any tax year he has earnings from any such employment (one or more) which fall within paragraph (b)(i) of subsection (3) of section 11 above but is not liable for a higher weekly rate of Class 2 contributions by virtue of regulations under that subsection; and

(c)

the total of those earnings exceeds F2£4,895,

he is to be liable, in respect of those earnings, to pay a Class 4 contribution F3... .

F4(1A)

The amount of a Class 4 contribution payable by virtue of regulations under this section is equal to the aggregate of—

(a)

the main Class 4 percentage of so much of the total of the earnings referred to in subsection (1)(b) above as exceeds F5£4,895 but does not exceed F6£32,760; and

(b)

the additional Class 4 percentage of so much of that total as exceeds F6£32,760;

but the figures specified in this subsection are subject to alteration under section 129 of the Administration Act.

(2)

F7In relation to Class 4 contributions payable by virtue of regulations under this section, F1regulations made by the Inland Revenue may—

(a)

apply any of the provisions of Schedule 1 to this Act (except a provision conferring power to make regulations); and

(b)

make any such provision as may be made by regulations under that Schedule, except paragraph 6 F8or 7BZA.