The Social Security (Contributions) Amendment (No. 4) Regulations 1998

• Citation: S.I. 1998/2320
• Sections: 2

Section 1 Citation, commencement and interpretation

(1) These Regulations may be cited as the Social Security (Contributions) Amendment (No. 4) Regulations 1998 and shall come into force on 22nd September 1998.

(2) In these Regulations “the principal Regulations ” means the Social Security (Contributions) Regulations 1979 .

Section 2 Amendment of regulation 19 of the principal Regulations

In regulation 19 of the principal Regulations (payments to be disregarded) before paragraph (1)(n) , insert–

(mm) a payment which comprises any gain on which the earner is chargeable to tax by virtue of section 135 of the Income and Corporation Taxes Act 1988 (gains by directors and employees from share options) ;