2012 No. 867

Social Security

The Social Security (Contributions) (Re-rating) Consequential Amendment Regulations 2012

Made

Laid before Parliament

Coming into force

The Treasury make these Regulations in exercise of the powers conferred by sections 117(1) and 175(3) of the Social Security Contributions and Benefits Act 19921 and by sections 117(1) and 171(3) and (10) of the Social Security Contributions and Benefits (Northern Ireland) Act 19922.

The Secretary of State and the Department for Social Development concur in the making of these Regulations.

This instrument contains only provisions in consequence of an order under section 141 of the Social Security Administration Act 19923 and section 129 of the Social Security Administration (Northern Ireland) Act 19924.

Citation and commencement1

1

These Regulations may be cited as the Social Security (Contributions) (Re-rating) Consequential Amendment Regulations 2012.

2

These Regulations shall come into force on 6th April 2012 immediately after the coming into force of the Social Security (Contributions) (Re-rating) Order 20125.

Amendment to the Social Security (Contributions) Regulations 20012

In regulation 125(c) of the Social Security (Contributions) Regulations 20016 (modification of provisions of the Social Security Contributions and Benefits Act 1992 in relation to share fishermen), for “£3.15” substitute “£3.30”.

Angela WatkinsonJeremy WrightTwo of the Lords Commissioners of Her Majesty’s Treasury

The Secretary of State concurs.

Signed by authority of the Secretary of State for Work and Pensions.

Steve WebbMinister of StateDepartment for Work and Pensions

The Department for Social Development concurs.

Sealed with the Official Seal of the Department for Social Development on 14th March 2012

seal_r00001Anne McClearyA senior officer of the Department for Social Development
EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations, which come into force on 6th April 2012, amend the Social Security (Contributions) Regulations 2001 (“the principal Regulations”). They are made in consequence of the annual up-rating order under section 141 of the Social Security Administration Act 1992 and section 129 of the Social Security Administration (Northern Ireland) Act 1992.

Regulation 2 amends regulation 125(c) of the principal Regulations by altering the special rate of any Class 2 contributions payable by share fishermen from £3.15 to £3.30.

A Tax Information and Impact Note covering this instrument was published on 23 March 2011 alongside Budget 2011. This has been updated as a result of changes to the impacts as a result of this instrument and is available on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm.