Explanatory Note

(This note is not part of the Regulations)

These Regulations further amend regulation 98 (which relates to share fishermen) of the Social Security (Contributions) Regulations 1979. They amend paragraph (c) of that regulation by increasing the special rate of Class 2 contributions payable by share fishermen from £6.80 to £7.

These Regulations contain only provisions in consequence of an order under section 141 of the Social Security Administration Act 1992 and are exempt from reference to the Social Security Advisory Committee by virtue of section 172(3) of, and paragraph 3 of Part I of Schedule 7 to, that Act.

These Regulations do not impose any costs on business.