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The Social Security (Class 2 National Insurance Contributions) (Consequential Amendments and Savings) Regulations 2024
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- UK Statutory Instruments
- 2024 No. 377
- Part 4
- Regulation 10
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Savings for the purpose of making a return of relevant profits (Northern Ireland)
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10. After section 11 of the Social Security Contributions and Benefits Act (Northern Ireland) 1992(1) (Class 2 contributions) insert—
“11A. Relevant profits to be included in self assessment tax return
(1) Part 2 (returns) of the Taxes Management Act 1970 applies, with the necessary modifications, for the purpose of establishing whether an earner has relevant profits of, or exceeding, the small profits threshold for a tax year, as it applies for the purpose of establishing the amounts in which a person is chargeable to income tax and capital gains tax for a year of assessment.
(2) In this section “relevant profits” has the meaning it has in section 11 (Class 2 contributions).”.
(1)
The existing section 11A of that Act is repealed by paragraph 4(2) of the Schedule to the National Insurance Contributions (Reduction in Rates) Act 2023 (c. 57).
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