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 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 F6£7,956,

he is to be liable, in respect of those earnings, to pay a Class 4 contribution F2... .

F31A

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 F7£7,956 but does not exceed F8£41,865; and

b

the additional Class 4 percentage of so much of that total as exceeds F8£41,865;

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

2

F4In 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 F5or 7BZA.