National Insurance Contributions Act 2011 Explanatory Notes

1. Introduction

   1. Structure of these notes

2. Background

   1. Overview of

   2. Increase in the rates of

   3. A scheme to help new businesses in targeted areas of the United Kingdom

3. Summary

4. Territorial Extent and Application

5. Commentary on Sections

   1. Part 1: Increases in rates

      1. Section 1: Class 1 contributions

      2. Section 2: Class 4 contributions

      3. Section 3: Increased product of additional rates to be paid into National Insurance Fund

   2. Part 2: Regional secondary contributions holiday for new businesses

      1. Section 4: “Holiday” for new businesses

      2. Section 5: Starting a new business

      3. Section 6: Qualifying employees

      4. Section 7: The appropriate amount

      5. Section 8: Making of deductions or refunds

      6. Section 9: Retention of records

      7. Section 10: Anti-avoidance

      8. Section 11: Interpretation of Part 2

   3. Part 3: General

      1. Section 12: Abbreviations of Act

      2. Section 13: Commencement

      3. Section 14: Extent

6. Financial Effects of the Act

7. Commencement

8. Hansard References