These Regulations may be cited as the Social Security (Contributions) (Re-rating) Consequential Amendment Regulations 2005 and shall come into force on 6th April 2005 immediately after the coming into force of the Social Security (Contributions) (Re-rating and National Insurance Funds Payments) Order 2005.
Specified date: 6 April 2005: see above.
In regulation 125(c) of the Social Security (Contributions) Regulations 2001 (modification of provisions of the Social Security Contributions and Benefits Act 1992 in relation to share fishermen), for “£2.70” substitute “£2.75”.
Specified date: 6 April 2005: see reg 1.
Jim Murphy
Gillian Merron
Two of the Lords Commissioners of Her Majesty's Treasury
23rd March 2005
The Secretary of State concurs
Signed on behalf of the Secretary of State
Malcolm Wicks
Minister of State
Department for Work and Pensions
24th March 2005
The Department for Social Development concurs,
Sealed with the Official Seal of the Department for Social Development on 24th March 2005
John O'Neill
Senior Officer of the Department for Social Development
These Regulations amend regulation 125 of the Social Security (Contributions) Regulations 2001 (SI 2001/1004). They are made in consequence of the annual up-rating order under section 141 of the Social Security Administration Act 1992 (c 5) and section 129 of the Social Security Administration (Northern Ireland) Act 1992 (c 8). The Regulations amend paragraph (c) of that regulation by altering the special rate of any Class 2 contributions payable by share fishermen from £2.70 to £2.75.
These Regulations do not impose any new costs on business.
