Amendment of the principal Regulations
7
For regulation 50 substitute—
50
1
If—
a
a person (“the contributor”)—
i
was entitled to pay a Class 3 contribution under regulation 48, 146(2)(b) or 147; and
ii
failed to pay that contribution in the appropriate period specified for its payment; and
b
the condition in paragraph (2) is satisfied,
the contributor may pay the contribution within such further period as an officer of the Board may direct.
2
The condition is that an officer of the Board is satisfied that—
a
the failure to pay is attributable to the contributor’s ignorance or error; and
b
that ignorance or error was not the result of the contributor’s failure to exercise due care and diligence.