147 Withdrawal of relief for Class 4 contributions.U.K.
(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.