Statutory Instruments
2016 No. 63
Social Security
The Employment Allowance (Increase of Maximum Amount) Regulations 2016
Approved by both Houses of Parliament
Made
25th January 2016
Laid before Parliament
25th January 2016
Coming into force
6th April 2016
The Treasury makes the following Regulations in exercise of the power conferred by section 5(1)(a) of the National Insurance Contributions Act 2014( 1 ).
Citation and commencement
1. These Regulations may be cited as the Employment Allowance (Increase of Maximum Amount) Regulations 2016 and come into force on 6th April 2016.
Amendment to the National Insurance Contributions Act 2014
2. In section 1(2)(a) of the National Insurance Contributions Act 2014 (employment allowance for national insurance contributions), for βΒ£2,000β substitute βΒ£3,000β.
David Evennett
George Hollingbery
Two of the Lords Commissioners of Her Majestyβs Treasury
25th January 2016