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12th March 2008
Laid before Parliament
13th March 2008
Coming into force
6th April 2008
The Treasury, with the concurrence of the Secretary of State, in exercise of the powers conferred upon them by sections 117(1) and 175(3) of the Social Security Contributions and Benefits Act 1992(1), and with the concurrence of the Department for Social Development, in exercise of the powers conferred upon them by sections 117(1) and 171(3) and (10) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992(2), by this instrument, which contains only provisions in consequence of an order under section 141 of the Social Security Administration Act 1992(3) and section 129 of the Social Security Administration (Northern Ireland) Act 1992(4), make the following Regulations:
1. (1) These Regulations may be cited as the Social Security (Contributions) (Re-rating) Consequential Amendment Regulations 2008.
(2) These Regulations shall come into force on 6th April 2008 immediately after the coming into force of the Social Security (Contributions) (Re-rating) Order 2008(5).
2. In regulation 125(c) of the Social Security (Contributions) Regulations 2001(6) (modification of provisions of the Social Security Contributions and Benefits Act 1992 in relation to share fishermen), for “£2.85” substitute “£2.95”.
Two of the Lords Commissioners of Her Majesty’s Treasury
12th March 2008
The Secretary of State concurs.
Signed by authority of the Secretary of State for Works and Pensions.
Minister of State
Department for Work and Pensions
10th March 2008
(This note is not part of the Regulations)
These Regulations amend the Social Security (Contributions) Regulations 2001 (“the principal Regulations”). They are made in consequence of the annual up-rating order under section 141 of the Social Security Administration Act 1992 and section 129 of the Social Security Administration (Northern Ireland) Act 1992.
Regulation 2 amends regulation 125(c) of the principal Regulations by altering the special rate of any Class 2 contributions payable by share fishermen from £2.85 to £2.95.
An impact assessment has not been produced for this instrument as it has no impact on business, charities or voluntary bodies.
1992 c. 4; section 117(1) was amended by paragraph 68 of Schedule 7 to the Social Security Act 1998 (c. 14) and by paragraph 23 of Schedule 3, and paragraph 6 of Schedule 7, to the Social Security Contributions (Transfer of Functions, etc) Act 1999 (c. 2) (“the Transfer Act”).
1992 c. 7; section 117(1) was amended by paragraph 50 of Schedule 6 to the Social Security (Northern Ireland) Order 1998 (S.I. 1998/1506 (N.I. 10)) and by paragraph 23 of Schedule 3, and paragraph 5 of Schedule 6, to the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 (S.I. 1999/671) (“the Transfer Order”). Section 171(10) was amended by paragraph 28(3) of Schedule 3 to the Transfer Order. The functions of the Department of Health and Social Services for Northern Ireland were transferred to the Department for Social Development by Article 8(b) of, and Part II of Schedule 6 to, the Departments (Transfer and Assignment of Functions) Order (Northern Ireland) 1999 (S.R. 1999 No. 481).
1992 c. 8; section 129 was relevantly amended by paragraph 43 of Schedule 3 to the Transfer Order.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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