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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Social Security (Contributions) Amendment (No. 2) Regulations 1997 No. 575 URL: http://www.bailii.org/uk/legis/num_reg/1997/uksi_1997575_en.html |
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Statutory Instruments
SOCIAL SECURITY
Made
4th March 1997
Laid before Parliament
10th March 1997
Coming into force
6th April 1997
The Secretary of State for Social Security, in exercise of powers conferred by sections 5 and 175(1) to (3) of the Social Security Contributions and Benefits Act 1992(1) and of all other powers enabling him in that behalf, hereby makes the following Regulations:
1. These Regulations may be cited as the Social Security (Contributions) Amendment (No. 2) Regulations 1997 and shall come into force on 6th April 1997.
2. In regulation 7 of the Social Security (Contributions) Regulations 1979 (lower and upper earnings limits for Class 1 contributions)(2)-
(a)for "6th April 1996", substitute "6th April 1997"; and
(b)for "£61" and "£455", substitute "£62" and "£465" respectively.
Signed by authority of the Secretary of State for Social Security.
Oliver Heald
Parliamentary Under-Secretary of State,
Department of Social Security
4th March 1997
(This note is not part of the Regulations)
These Regulations further amend the Social Security (Contributions) Regulations 1979 ("the Contributions Regulations").
Regulation 2 amends regulation 7 of the Contributions Regulations by increasing the weekly lower and upper earnings limits for Class 1 contributions for the tax year beginning on 6th April 1997. The lower earnings limit is increased from £61 to £62 and the upper earnings limit from £455 to £465.
Regulation 2 of these Regulations is made under section 5 of the Social Security Contributions and Benefits Act 1992 and the proposals for it are exempt from reference to the Social Security Advisory Committee by virtue of section 172(3) of, and paragraph 4 of Part I of Schedule 7 to, the Social Security Administration Act 1992.
The effect of regulation 2 will be to increase administrative costs to business. These costs will be contained in the overall costs for business of implementing the National Insurance Contributions re-rating package and will not represent any additional expense.
An assessment of the cost to business of applying regulation 2 has been placed in the Libraries of both Houses of Parliament. Copies can be obtained by post from the Department of Social Security, Deregulation Unit, 11th Floor, Adelphi, 1-11 John Adam Street, London WC2N 6HT.
