42Reduction of national insurance surcharge
(1)In section 1(1) of the National Insurance Surcharge Act 1976 (surcharge on earnings in respect of which secondary Class 1 contributions are payable), for lie words " 1 ½ per cent." there shall be substituted the words
“1 per cent”.
(2)Subject to section 1(2) of the National Insurance Surcharge Act 1982, this section applies with respect to earnings paid on or after 1st August 1983.