Part IV Income Tax, Corporation Tax and Capital Gains Tax

Chapter VI Miscellaneous provisions

Reliefs

147 Withdrawal of relief for Class 4 contributions.

1

In section 617 of the Taxes Act 1988 (social security benefits and contributions), subsection (5) (relief for Class 4 contributions) shall cease to have effect.

2

In consequence of the provision made by subsection (1) above, in paragraph 3(2) of Schedule 2 toβ€”

a

the M1Social Security Contributions and Benefits Act 1992, and

b

the M2Social Security Contributions and Benefits (Northern Ireland) Act 1992,

the words β€œ (e) section 617(5) (relief for Class 4 contributions); ” shall be omitted.

3

This section shall have effect in relation to the year 1996-97 and subsequent years of assessment.