Voluntary Class 2 and Class 3 contributions: tax year 2016-17 extension of time for payment and tax years 2016-17 to 2021-22 computation of amount
4.—(1) After regulation 65B insert—
“Voluntary Class 2 and Class 3 contributions: tax year 2016-17 extension of time for payment and tax years 2016-17 to 2021-22 computation of amount
65BA.—(1) A person who is entitled, but not liable, to pay a Class 2 or Class 3 contribution in respect of tax year 2016-17 may pay the contribution on or before 31st July 2023.
(2) Notwithstanding sections 12(3) and 13(6) of the Act, the amount of a contribution payable under paragraph (1), which is paid on or after 6th April 2023, shall be the amount payable in relation to tax year 2022-23.
(3) Paragraph (4) applies to a Class 2 or Class 3 contribution which—
(a)a person is entitled, but not liable, to pay,
(b)is paid during the period beginning on 6th April 2023 and ending on 31st July 2023, and
(c)when paid during that period, would fall to be computed in accordance with section 12(3) or 13(6) of the Act.
(4) Where this paragraph applies, notwithstanding sections 12(3) and 13(6) of the Act—
(a)the amount of a Class 3 contribution payable in respect of tax year 2020-21 shall be the amount payable in relation to tax year 2020-21,
(b)the amount of a Class 2 contribution payable in respect of tax year 2021-22 shall be the amount payable in relation to tax year 2021-22, and
(c)the amount of any other contribution to which this paragraph applies shall be the amount payable in relation to tax year 2022-23.”.
(2) In regulation 48(3)(b) (time limit for payment of Class 3 contributions) for “and 50C” substitute “, 50C and 65BA(1)”.