Statutory Instruments
2022 No. 364
Social Security
The Employment Allowance (Increase of Maximum Amount) Regulations 2022
Made
at 1.25 p.m. on 23rd March 2022
Laid before Parliament
at 4.15 p.m. on 23rd March 2022
Coming into force
6th April 2022
The Treasury make 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 2022 and come into force on 6th April 2022.
Amendment to the National Insurance Contributions Act 2014
2. In section 1(2)(a)( 2 ) of the National Insurance Contributions Act 2014 (employment allowance for national insurance contributions), for “£4,000” substitute “£5,000” .
Gareth Johnson
Rebecca Harris
Two of the Lords Commissioners of Her Majesty’s Treasury
At 1.25 p.m. on 23rd March 2022
2014 c. 7 . Section 74 of the Coronavirus Act 2020 (c. 7) modifies the procedure by which regulations made under section 5(1)(a) which increase a person’s employment allowance are approved by Parliament. It applies negative procedure to such regulations made before the end of the period of 2 years beginning with the day on which that Act is passed.
The figure in section 1(2)(a) was substituted by S.I. 2016/63 and 2020/273 .