s 13 Class 4 contributions: partnerships
(1) SSCBA 1992 is amended as follows. (2) After section 18 insert— Class 4 contributions: partnerships (18A) (1) The Treasury may by regulations— (a) modify the way in which liabilities for Class 4 contributions of a partner in a firm are determined, or (b) otherwise modify the law relating to Class 4 contributions, as they consider appropriate to take account of the passing or making of a provision of the Income Tax Acts relating to firms or partners in firms. (2) “ Firm ” has the same meaning as in the Income Tax (Trading and Other Income) Act 2005 (and includes a limited liability partnership in relation to which section 863(1) of that Act applies); and “partner” is to be read accordingly and includes a former partner. (3) Regulations under this section may have retrospective effect; but they may not have effect before the beginning of the tax year in which they are made. (3) In section 176(1)(a) (parliamentary control: instruments subject to affirmative procedure), after “section 18;” insert— “ section 18A; ” . (4) SSCB(NI)A 1992 is amended as follows. (5) After section 18 insert— Class 4 contributions: partnerships (18A) (1) The Treasury may by regulations— (a) modify the way in which liabilities for Class 4 contributions of a partner in a firm are determined, or (b) otherwise modify the law relating to Class 4 contributions, as they consider appropriate to take account of the passing or making of a provision of the Income Tax Acts relating to firms or partners in firms. (2) “ Firm ” has the same meaning as in the Income Tax (Trading and Other Income) Act 2005 (and includes a limited liability partnership in relation to which section 863(1) of that Act applies); and “partner” is to be read accordingly and includes a former partner. (3) Regulations under this section may have retrospective effect; but they may not have effect before the beginning of the tax year in which they are made. (6) In section 172(11A) (parliamentary control: instruments subject to affirmative procedure), after “18,” insert “ 18A, ” . (7) The amendments made by this section come into force at the end of the period of 2 months beginning with the day on which this Act is passed.