The Social Security (Contributions) (Amendment No. 4) Regulations 2003

• Citation: S.I. 2003/1337
• Sections: 3

Section 1 Citation, commencement and interpretation

(1) These Regulations may be cited as the Social Security (Contributions) (Amendment No. 4) Regulations 2003 and shall come into force on 10th June 2003.

(2) In these Regulations—

“the principal Regulations ” means the Social Security (Contributions) Regulations 2001 ;

“Schedule 4” means Schedule 4 to the principal Regulations.

Section 2 Amendment of the principal Regulations

(1) Amend paragraph 7 of Schedule 4 as follows.

(2) In sub-paragraph (3) for “the same year” substitute “the same year and, where the case falls within paragraph (b), during the following year”.

(3) At the end of sub-paragraph (5) add—

This is subject to the following qualification.

(4) After sub-paragraph (5) insert—

(5A) Where a payment—

(a) falls within sub-paragraph (4)(e) ,

(b) comprises a beneficial interest in shares, or

(c) is treated as earnings within the meaning of Part 7 of the Income Tax (Earnings and Pensions) Act 2003 ,

sub-paragraph (5B) applies.

(5B) If this sub-paragraph applies—

(a) sub-paragraph (5)(a) shall have effect as if “, but not in excess of,” were omitted; and

(b) sub-paragraph (8) shall have effect as if at the end there were added “or the following year”

Section 3 Amendment of the principal Regulations

(1) Amend paragraph 9(2) of Schedule 4 as follows.

(2) For the words from “but the employee has paid” to the end of the sub-paragraph substitute—

but the employee—

has paid, or

is treated, by virtue of section 6A of the Act , as having paid,

primary Class 1 contributions in that year, the employer shall nevertheless give the employee such a certificate showing the information referred to in sub-paragraph (1) .