2000 No. 760
SOCIAL SECURITY
The Social Security (Contributions) (Re-rating) Consequential Amendment Regulations 2000
Made
Laid before Parliament
Coming into force
The Treasury, with the concurrence of the Secretary of State for Social Security, in exercise of the powers conferred on them by sections 117(1) and 175(1) to (3) of the Social Security Contributions and Benefits Act 19921 and of all other powers enabling them in that behalf, by this instrument, which contains only provisions in consequence of an order under section 141 of the Social Security Administration Act 19922, hereby make the following Regulations:
Citation and commencement1.
These Regulations may be cited as the Social Security (Contributions) (Re-rating) Consequential Amendment Regulations 2000 and shall come into force on 6th April 2000 immediately after the coming into force of the Social Security (Contributions) (Re-rating and National Insurance Funds Payments) Order 20003.
Amendment of the Social Security (Contributions) Regulations 19792.
In regulation 98 of the Social Security (Contributions) Regulations 19794 (modification of provisions of the Social Security Contributions and Benefits Act 1992 in relation to share fishermen), in paragraph (c) (weekly rate of any Class 2 contributions payable by share fishermen) for “£7.20 ” substitute “£2.65”.
Bob Ainsworth
Greg Pope
Two of the Lords Commissioners of Her Majesty’s Treasury
The Secretary of State for Social Security hereby concurs
Alistair Darling
Signed by authority of the Secretary of State for Social Security
(This note is not part of the Regulations)
These Regulations further amend regulation 98 of the Social Security (Contributions) Regulations 1979 (which relates to share fishermen). The Regulations amend paragraph (c) of that regulation by altering the special rate of any Class 2 contributions payable by share fishermen from £7.20 to £2.65.
These Regulations do not impose any new costs on business.