The Social Security (Contributions) (Amendment) Regulations 2019

Amendment of the Social Security (Contributions) Regulations 2001

3.  After regulation 22B (amounts to be treated as earnings: Part 7A of ITEPA 2003)(1) insert—

“Amounts to be treated as earnings paid to or for the benefit of the earner: Schedule 11 to the Finance (No. 2) Act 2017

22C.— (1) Where an amount is within regulation 22B(2) by reason of a relevant step within paragraph 1 of Schedule 11 (employment income provided through third parties: loans etc outstanding on 5 April 2019) to the Finance (No. 2) Act 2017(2) it shall be treated for the purposes of Part 1 of the Act(3) as being paid to or for the benefit of the employed earner in respect of the employed earner’s employment at such time as the relevant step which gives rise to it is treated as being taken under paragraph 1(2) of that Schedule.

(2) In paragraph (1) “relevant step” means a relevant step for the purposes of Part 7A of ITEPA 2003(4).”.

(1)

Regulation 22B was inserted by S.I. 2011/2700 and amended by S.I. 2018/257; there are other amending instruments but none is relevant.

(2)

2017 c. 32.

(3)

See the definition of “the Act” in regulation 1(2) of the Social Security (Contributions) Regulations 2001. See also regulation 156(3) of those Regulations which has the effect that the reference to Part 1 of the Act is construed so far as necessary as including a reference to the corresponding enactment applying in Northern Ireland.

(4)

See the definition of “ITEPA 2003” in section 122 of the Social Security Contributions and Benefits Act 1992 and section 121 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992.