[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback]
	United Kingdom Statutory Instruments
You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Social Security (Contributions) (Amendment No. 5) Regulations 2001 URL: http://www.bailii.org/uk/legis/num_reg/2001/20012412.html

[New search] [Help]

    (3) In paragraph (7) omit sub-paragraph (a).

     4. In paragraph 14(3)(b) of Schedule 2 (calculations of earnings for the purposes of earnings-related contributions in particular cases) for "the limit specified in Inland Revenue Extra-Statutory Concession A2 (luncheon vouchers) as published at 1st September 2000" substitute "15 pence,".

     5.  - (1) Amend Schedule 3 (payments to be disregarded in the calculation of earnings for the purposes of earnings-related contributions) as follows.

    (2) In Part V (non-cash vouchers) - 

(a) in paragraph 6 omit sub-paragraph (a);

(b) after paragraph 6 insert - 

" Meal vouchers
     6A. 15 pence per working day up to a maximum of £1.05 per week of the value of one or more non-cash vouchers which can only be exchanged for meals.".

    (3) In Part IX (share incentives), after paragraph 3 insert - 

" "Short" share options granted on or after 6th April 1999
     3A. A payment by way of the grant of a right to acquire shares obtained on, or after, 6th April 1999 which is not capable of being exercised more than ten years after it is obtained.".

    (4) In Part X (miscellaneous and supplemental) - 

(a) in paragraph 1(1) for "14" substitute "15"; and

(b) after paragraph 14 add - 

" Rewards for assistance with lost or stolen cards
     15.  - (1) A payment made by an issuer of charge cards, cheque guarantee cards, credit cards or debit cards, as a reward to an individual who assists in identifying or recovering lost or stolen cards in the course of his or her employment as an employed earner (other than employment by the issuer), together with any income tax paid by the issuer for the purpose of discharging any liability of the individual to income tax on the payment.

    (2) In this paragraph - 


"charge card" means a credit card, the terms of which include the obligations to settle the account in full at the end of a specified period;
"cheque guarantee card" means a card issued by a bank or building society for the purpose of guaranteeing a payment or supporting the encashment of a cheque up to a specified value;
"credit card" means a card which - 
(a) may be used on its own to pay for goods or services or to withdraw cash, and

(b) enables the holder to make purchases and to draw cash up to a prearranged limit; and


"debit card" means a card linked to a bank or building society current account, used to pay for goods or services by debiting the holder's account.".

Revocations
     6.  - (1) The instruments listed in paragraph (2) are revoked.

    (2) The instruments are - 

(a) the Social Security (Contributions) (Amendment No. 3) Regulations (Northern Ireland) 1989[6];

(b) the Social Security (Contributions) (Amendment No. 6) Regulations (Northern Ireland) 1992[7]; and

(c) the Social Security (Contributions) (Amendment No. 3) (Northern Ireland) Regulations 2001[8].

Nick Ainger

Graham Stringer
Two of the Lords Commissioners of Her Majesty's Treasury

2nd July 2001



The Secretary of State hereby concurs.


Malcolm Wicks
Parliamentary Under Secretary of State Department for Work and Pensions

4th July 2001



The Department for Social Development hereby concurs.



Sealed with the Official Seal of the Department for Social Development on


28th June 2001.

L.S.

John O'Neil
Senior Officer of the Department for Social Development

Tim Flesher

Dave Harnett
Two of the Commissioners of Inland Revenue

27th June 2001

[2] 1992 c. 7. Section 1(6) was amended by paragraph 38(3) of Schedule 6 to the Social Security (Northern Ireland) Order 1998 (S.I. 1998/1506 (N.I.10)) ("the 1998 Order"), and subsection (7) was added by paragraph 2 of Schedule 3 to the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 (S.I. 1999/671) ("the Transfer Order"). Section 3(2) was amended by paragraph 4 of Schedule 3 to the Transfer Order, and subsection (2A) was inserted by Article 45 of the 1998 Order. Section 4(6) was substituted by section 78(3) of the Child Support, Pensions and Social Security Act 2000 (c. 19) ("the 2000 Act"), and section 4(7) added by paragraph 5 of Schedule 3 to the Transfer Order. Section 10 was substituted by section 78(2) of the 2000 Act. Section 13(1) was amended by paragraph 15(2) of Schedule 3 to the Transfer Order and article 4 of S.I. 2001/477. Section 171(10) was substituted by paragraph 28(3) of Schedule 3 to the Transfer Order. The functions of the Department of Health and Social Services for Northern Ireland under the Social Security Contributions and Benefits (Northern Ireland) Act 1992 were transferred to the Department for Social Development by Article 8(b) of, and Part II of Schedule 6 to, the Departments (Transfer and Assignment of Functions) Order (Northern Ireland) 1999 (S.R. 1999 No. 481).back

[3] 2000 c. 19.back

[4] 1992 c. 7. Paragraph 6 of Schedule 1 was amended by paragraph 58(8) of Schedule 6 to the 1998 Order and paragraph 34 of Schedule 3 to the Transfer Order.back

[5] S.I. 2001/1004.back

[6] S.R. 1989 No. 112.back

[7] S.R. 1992 No. 280.back

[8] S.I. 2001/597.back

 © Crown copyright 2001