2005 No. 166
SOCIAL SECURITY

The Social Security (Contributions) (Amendment) Regulations 2005

Made
Laid before Parliament
Coming into force
The Treasury, in exercise of the powers conferred upon them by sections 5, 122(1) and 175(3) and (4) of the Social Security Contributions and Benefits Act 19921 and sections 5, 121(1) and 171(3), (4) and (10) of the Social Security Contributions and Benefits (Northern Ireland) Act 19922 make the following Regulations:

Citation and commencement

1.

(1)

These Regulations may be cited as the Social Security (Contributions) (Amendment) Regulations 2005.

(2)

These Regulations shall come into force on 6th April 2005.

Amendments to the Social Security (Contributions) Regulations 2001

2.

The Social Security (Contributions) Regulations 20013 are amended as follows.

3.

Amend regulation 10 (earnings limits and thresholds)4 as follows—

(a)

for “2004” substitute “2005”;

(b)

in paragraph (a) for “£79” substitute “£82”;

(c)

in paragraph (b) for “£610” substitute “£630”; and

(d)

in paragraphs (c) and (d) for “£91” substitute “£94”.

4.

Amend regulation 11(3) (prescribed equivalents)( ) as follows -

(a)

in paragraph (a) for “£395” substitute “£408”; and

(b)

in paragraph (b) for “£4,745” substitute “£4,895”.

Nick Ainger
Joan Ryan
Two of the Lords Commissioners of Her Majesty’s Treasury
(This note is not part of the Regulations)

These Regulations amend the Social Security (Contributions) Regulations 2001 (S.I. 2001/1004: “the principal Regulations”).

Regulation 1 provides for the citation and commencement of the Regulations.

Regulation 2 introduces the changes made to the principal Regulations.

Regulation 3 amends regulation 10 of the principal Regulations to specify the levels of the lower and upper earnings limits for primary Class 1 contributions and the primary and secondary thresholds for primary and secondary Class 1 contributions for the tax year beginning 6th April 2005.

Regulation 4 amends regulation 11(3) of the principal Regulations to provide for the equivalents of the primary and secondary thresholds where the earnings period is a month or a year.

These regulations do not impose any new costs on business.