Citation and commencement

1

(1)    These Regulations may be cited as the Social Security (Contributions) (Amendment) Regulations 2007.

(2)    These Regulations shall come into force on 6th April 2007.

NOTES
Initial Commencement
Specified date

Specified date: 6 April 2007: see para (2) above.

Amendments to the Social Security (Contributions) Regulations 2001

2

Amendments to the Social Security (Contributions) Regulations 20012

The Social Security (Contributions) Regulations 2001 are amended as follows.

NOTES
Initial Commencement
Specified date

Specified date: 6 April 2007: see reg 1(2).

3

3

Amend regulation 10 (earnings limits and thresholds) as follows—

(a)    for “2006” substitute “2007”;

(b)    in paragraph (a) for “£84” substitute “£87”;

(c)    in paragraph (b) for “£645” substitute “£670”; and

(d)    in paragraphs (c) and (d) for “£97” substitute “£100”.

NOTES
Initial Commencement
Specified date

Specified date: 6 April 2007: see reg 1(2).

4

4

Amend regulation 11(3) (prescribed equivalents) as follows—

(a)    in sub-paragraph (a) for “£420” substitute “£435”; and

(b)    in sub-paragraph (b) for “£5,035” substitute “£5,225”.

NOTES
Initial Commencement
Specified date

Specified date: 6 April 2007: see reg 1(2).

Signature

Kevin Brennan

Claire Ward

Two of the Lords Commissioners of Her Majesty's Treasury

23rd January 2007

EXPLANATORY NOTE

EXPLANATORY NOTE (This note is not part of the Regulations)

These Regulations amend the Social Security (Contributions) Regulations 2001 (SI 2001/1004) (“the principal Regulations”).

Regulation 1 provides for the citation and commencement of the Regulations.

Regulation 2 introduces the changes made to the principal Regulations.

Regulation 3 amends regulation 10 of the principal Regulations to specify the levels of the lower and upper earnings limits for primary Class 1 contributions and the primary and secondary thresholds for primary and secondary Class 1 contributions for the tax year beginning 6th April 2007.

Regulation 4 amends regulation 11(3) of the principal Regulations to provide for the equivalents of the primary and secondary thresholds where the earnings period is a month or a year.

A regulatory impact assessment has not been produced for this instrument as it does not impose any new costs on the private or voluntary sectors.