The Social Security (Contributions) (Amendment No. 3) Regulations (Northern Ireland) 1998

Amendment of Part IIA of the principal Regulations

7.  In Part IIA(1) of the principal Regulations (exceptions from liability for, and reductions of, Class 1A contributions)—

(a) in the heading after “REDUCTIONS” there shall be inserted “AND CALCULATION”;

(b) after regulation 22G (exception from liability for Class 1A contributions in respect of cars made available to disabled employed earners for business and home to work travel only) there shall be added the following regulation—

“Calculation of Class 1A contributions

22H.   A Class 1A contribution calculated in accordance with the provisions of section 10(2) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 (Class 1A contributions) shall be calculated to the nearest £0·01 and any amount of £0·005 or less shall be disregarded.”.

(1)

Part IIA was inserted by S.R. 1992 No. 126

(2)

Section 10 was amended by S.R. 1994 No. 94 and Article 49 of the Social Security (Northern Ireland) Order 1998 and is amended by paragraph 40(2) of Schedule 6 to that Order