Amendment to the Social Security (Contributions) Regulations 2001

2.—(1) Schedule 3 (payments to be disregarded etc…) to the Social Security (Contributions) Regulations 2001(1) is amended as follows.

(2) In Part 8 (travelling, relocation and other expenses and allowances of the employment), after paragraph 8A(2) (amounts exempted from income tax under section 289A of ITEPA 2003(3)), insert —

Payments exempted from income tax under section 299B of ITEPA 2003

8B.  A payment to a person who holds a voluntary office in respect of expenses which is exempted from income tax under section 299B of ITEPA 2003(4)..

(2)

Paragraph 8A was inserted by regulation 5(6) of S.I. 2016/352.

(4)

Section 299B was inserted by Budget resolution number 14, recorded in the House of Commons Votes and Proceedings for 17th March 2020. The resolution contains a declaration that it is expedient in the public interest that the resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968 (c.2). Section 1(3) to (5) of that Act sets out the circumstances in which the resolution will cease to have statutory effect. By virtue of section 1(5), the resolution will cease to have effect once provisions corresponding to those in the resolution are enacted in the Finance Act 2020. The resolution will in any case cease to have effect on 17th October 2020 by virtue of section 1(3). Section 1(3) was substituted by section 88(3) of the Finance Act 2011 (c. 11). Relevant amendments to section 1(3) to (5) were made by section 60 of the Finance Act 1968 (c. 44), section 205(5) of the Finance Act 1993 (c. 34), section 112(1) of the Finance Act 2007 (c. 11) and section 88(4)(a) and (4)(b) of the Finance Act 2011.