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 to—
a
the M1Social Security Contributions and Benefits Act 1992, and
b
the M2Social Security Contributions and Benefits (Northern Ireland) Act 1992,
the words “
(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.