SCHEDULES

SCHEDULE 1Consequential amendments

Part 2Other enactments

Social Security Contributions and Benefits Act 1992 (c. 4)

422

1

Amend Schedule 2 (levy of Class 4 contributions with income tax) as follows.

2

In paragraph 1 after paragraph (a) insert—

ab

“ITTOIA 2005” means the Income Tax (Trading and Other Income) Act 2005;

3

In paragraph 2 for “profits or gains” to the end substitute

profits—

a

which are the profits of any relevant trade, profession or vocation which is not carried on wholly outside the United Kingdom, and

b

which are chargeable to income tax under Chapter 2 of Part 2 of ITTOIA 2005.

4

In paragraphs 3(1), (4) and (5) and 4 omit “or gains” in each place where they occur.

5

In paragraph 5—

a

in paragraph (a) omit “or gains”, and

b

in paragraph (b)—

i

for “section 59 of the 1988 Act” substitute “ section 8 of ITTOIA 2005 ”, and

ii

omit “or gains”.

6

In paragraph 7 omit “or gains”.