I12Transitional NICs rates for tax year 2022-23 etc
1
The following provisions of section 5 of the Health and Social Care Levy Act 2021 (modification of rates of national insurance contributions for tax year 2022-23) continue to have effect in relation to payments of earnings made before 6 November 2022—
a
in subsection (2), paragraphs (a) and (b) (primary Class 1 percentages and secondary Class 1 percentage: Great Britain);
b
in subsection (4), paragraphs (a) and (b) (primary Class 1 percentages and secondary Class 1 percentage: Northern Ireland).
2
Part 1 of the Social Security Contributions and Benefits Act 1992 has effect for the tax year 2022-23 as if, in section 15(3ZA) (calculation of Class 4 contributions)—
a
in paragraph (a) (main Class 4 percentage), for “9” there were substituted “9.73”
, and
b
in paragraph (b) (additional Class 4 percentage), for “2” there were substituted “2.73”
.
3
Part 1 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 has effect for the tax year 2022-23 as if, in section 15(3ZA) (calculation of Class 4 contributions)—
a
in paragraph (a) (main Class 4 percentage), for “9” there were substituted “9.73”
, and
b
in paragraph (b) (additional Class 4 percentage), for “2” there were substituted “2.73”
.
4
The Schedule contains—
a
further transitional provision, and
b
a power to make consequential provision.