The Social Security (Contributions) (Amendment) Regulations 2008

Acts of Parliament

Miscellaneous

Crown Copyright Acknowledged

STATUTORY INSTRUMENTS

The Social Security (Contributions) (Amendment) Regulations 2008


	Made		22nd January 2008
	Laid before Parliament		23rd January 2008
	Coming into force		6th April 2008

The Treasury make the following Regulations in exercise of the powers conferred by sections 5, 122(1) and 175(3) and (4) of the Social Security Contributions and Benefits Act 1992(1) and sections 5, 121(1) and 171(3), (4) and (10) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992(2):

1-	Citation and commencement

	(1)	These Regulations may be cited as the Social Security (Contributions) (Amendment) Regulations 2008.
	(2)	These Regulations shall come into force on 6th April 2008.

2-	Amendments to the Social Security (Contributions) Regulations 2001
	The Social Security (Contributions) Regulations 2001(3) are amended as follows.
3-	Amend regulation 10 (earnings limits and thresholds)(4) as follows—

		(a)	for “2007” substitute “2008”;
		(b)	in paragraph (a) for “£87” substitute “£90”;
		(c)	in paragraph (b) for “£670” substitute “£770”; and
		(d)	in paragraphs (c) and (d) for “£100” substitute “£105”.

4-	Amend regulation 11(3) (prescribed equivalents)(5) as follows—

		(a)	in sub-paragraph (a) for “£435” substitute “£453”; and
		(b)	in sub-paragraph (b) for “£5,225” substitute “£5,435”.

22nd January 2008

Claire Ward
Dave Watts
Two of the Lords Commissioners of Her
Majesty’s Treasury

EXPLANATORY NOTE

(This note is not part of the Regulations)

	These Regulations amend the Social Security (Contributions) Regulations 2001 (“the principal 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 2008.

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

	An impact assessment has not been produced for this instrument as it has no impact on business, charities or voluntary bodies.

Contents

Citation and commencement

EXPLANATORY NOTE

	Need Drafting Services?
	Visit our personal drafting service pages for bespoke drafting.
	Learn more...

	Legal Document Services
	Buy legal forms and documents prepared for your precise requirements.
	Learn more...


	After the event insurance.
	Advertisement