The Social Security (Crediting and Treatment of Contributions, and National Insurance Numbers) Regulations 2001

[F1 Treatment for the purpose of any contributory benefit of Class 2 contributions treated as paid where relevant profits notified late E+W+S

4A.— (1) For the purposes of entitlement to any contributory benefit, this regulation applies to a person if—

(a) the person has relevant profits for a tax year of, or exceeding, the small profits threshold, and

(b) the person has not made a relevant profits return for that tax year by the date on which the return is required to be made.

(2) The Class 2 contributions that the person is treated as having actually paid for the tax year (as a result of section 11(5B) of the Act) are to be treated as having been paid on the day on which a relevant profits return for the tax year is made.

(3) For the purposes of this regulation—

“relevant profits” has the meaning given by section 11(3) of the Act;

“relevant profits return” in relation to a tax year means—

(a)

a return under section 8 of the Taxes Management Act 1970 that includes relevant profits for that tax year, or

(b)

a notification to His Majesty’s Revenue and Customs of relevant profits for that tax year that is required by, and made in accordance with, any other enactment.]

Textual Amendments

F1 Reg. 4A inserted (6.4.2024) by The Social Security (Class 2 National Insurance Contributions) (Consequential Amendments and Savings) Regulations 2024 (S.I. 2024/377), regs. 1(1), 2(4) (with reg. 1(3))