The Social Security (Contributions) (Re-rating) Consequential Amendment Regulations 1998

Statutory Instruments

1998 No. 524

SOCIAL SECURITY

The Social Security (Contributions) (Re-rating) Consequential Amendment Regulations 1998

Made

3rd March 1998

Laid before Parliament

10th March 1998

Coming into force

6th April 1998

The Secretary of State for Social Security, in exercise of powers conferred by sections 117(1) and 175(1) to (3) of the Social Security Contributions and Benefits Act 1992(1) and of all other powers enabling her in that behalf, by this instrument, which contains only provisions in consequence of an Order under section 141 of the Social Security Administration Act 1992(2), hereby makes the following Regulations:

Citation and commencement

1.  These Regulations may be cited as the Social Security (Contributions) (Re-rating) Consequential Amendment Regulations 1998 and shall come into force on 6th April 1998 immediately after the coming into force of the Social Security (Contributions) (Re-rating and National Insurance Fund Payments) Order 1998(3).

Amendment of the Social Security (Contributions) Regulations 1979

2.  In regulation 98 of the Social Security (Contributions) Regulations 1979 (modification of provisions of the Social Security Contributions and Benefits Act 1992 in relation to share fishermen)(4), in paragraph (c) (weekly rate of any Class 2 contributions payable by share fishermen) for “£6.80” substitute “£7”.

Signed by authority of the Secretary of State for Social Security.

John Y. Denham

Parliamentary Under-Secretary of State,

Department of Social Security

3rd March 1998

Explanatory Note

(This note is not part of the Regulations)

These Regulations further amend regulation 98 (which relates to share fishermen) of the Social Security (Contributions) Regulations 1979. They amend paragraph (c) of that regulation by increasing the special rate of Class 2 contributions payable by share fishermen from £6.80 to £7.

These Regulations contain only provisions in consequence of an order under section 141 of the Social Security Administration Act 1992 and are exempt from reference to the Social Security Advisory Committee by virtue of section 172(3) of, and paragraph 3 of Part I of Schedule 7 to, that Act.

These Regulations do not impose any costs on business.

(1)

1992 c. 4.

(2)

1992 c. 5; see section 172(3) of, and paragraph 3 of Part I of, Schedule 7 to, the Social Security Administration Act 1992.

(3)

S.I. 1998/469.

(4)

S.I. 1979/591; the relevant amending instruments are S.I. 1996/2367 and 1997/545.