Statutory Instruments
2007 No. 1175
Social security
terms and conditions of employment
The Social Security (Contributions) (Amendment No. 3) Regulations 2007
Made
4th April 2007
Laid before Parliament
5th April 2007
Coming into force
6th April 2007
The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by section 175(4) of, and paragraph 3B(11) of Schedule 1 to, the Social Security Contributions and Benefits Act 1992( 1 ), and by section 171(4) of, and paragraph 3B(11) of Schedule 1 to, the Social Security Contributions and Benefits (Northern Ireland) Act 1992( 2 ), and in each case now exercisable by them( 3 ), :
Citation, commencement and interpretation
1. —(1) These Regulations may be cited as the Social Security (Contributions) (Amendment No. 3) Regulations 2007 and shall come into force on 6th April 2006.
(2) In these Regulations “the principal Regulations” means the Social Security (Contributions) Regulations 2001( 4 ).
Amendment of the principal Regulations
2. —(1) The principal Regulations shall be amended as follows.
(2) In paragraph 1(1) of Schedule 5 (elections about securities options, restricted securities and convertible securities) after paragraph (d) insert—
“ (dd) a statement that it does not apply in relation to any liability, or any part of any liability, arising as a result of regulations being given retrospective effect by virtue of section 4B(2) of either the Social Security Contributions and Benefits Act 1992 or the Social Security Contributions and Benefits (Northern Ireland) Act 1992; ” .
(3) The amendment made by paragraph (2) does not affect the continuing validity of any election made prior to the coming into force of these Regulations, but subject to section 5(4) of the National Insurance Contributions Act 2006.
Mike Eland
Dave Hartnett
Two of the Commissioners for Her Majesty’s Revenue and Customs
4th April 2007
1992 c. 4 . Section 175(4) was amended by paragraph 29(4) of Schedule 3 to the Social Security Contributions (Transfer of Functions, etc. ) Act 1999 (c. 2) . Paragraph 3B was inserted by section 77(2) of the Child Support, Pensions and Social Security Act 2000 (c. 19: “the 2000 Act”) and amended by section 3(3) of the National Insurance Contributions and Statutory Payments Act 2004 (c. 3: “the 2004 Act”) and section 5 of the National Insurance Contributions Act 2006 (c. 10) .
1992 c. 7 . Section 171(4) was extended by virtue of the amendment contained in paragraph 28(3) of Schedule 3 to the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 ( S.I. 1999/671 ). Paragraph 3B was inserted by section 80(2) of the 2000 Act, and amended by section 4(3) of the 2004 Act and section 6 of the 2006 Act.
The functions of the Commissioners of Inland Revenue were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c. 11) . Section 50 of that Act provides that, in so far as it is appropriate in consequence of section 5, a reference, however expressed, to the Commissioners of Inland Revenue is to be read as a reference to the Commissioners for Her Majesty’s Revenue and Customs.
S.I. 2001/1004 : the relevant amendments are those made by regulation 8(b) of S.I. 2004/2096 .