Class 1A contributions in respect of certain termination awards and sporting testimonial paymentsU.K.
2(1)This paragraph applies to Class 1A contributions payable for the tax year 2022-23 in respect of—
(a)a relevant sporting testimonial payment, or
(b)a relevant termination award.
(2)Section 10 of the Social Security Contributions and Benefits Act 1992 has effect in relation to a Class 1A contribution to which this paragraph applies as if in subsection (5) for the words “for the tax year in question” there were substituted “that applies at the time of the payment of the general earnings or amount”.
(3)Section 10 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 has effect in relation to Class 1A contributions to which this paragraph applies as if in subsection (5) for the words “for the tax year in question” there were substituted “that applies at the time of the payment of the general earnings or amount”.
Commencement Information
I1Sch. para. 2 in force at Royal Assent