Explanatory notes to the Bill, prepared by HM Revenue and Customs, have been ordered to be published as HL Bill 56—EN.
Lord Livermore has made the following statement under section 19(1)(a) of the Human Rights Act 1998:
In my view the provisions of the National Insurance Contributions (Secondary Class 1 Contributions) Bill are compatible with the Convention rights.
A
bill
to
Make provision about secondary Class 1 contributions.
B e it enacted by the King’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
In
section 9
(2)
of the
Social Security Contributions and Benefits Act 1992
(rate
of secondary Class 1 contributions), for “13.8%” substitute “15%”.
In
section 9
(2)
of the
Social Security Contributions and Benefits (Northern
Ireland) Act 1992
(equivalent provision for Northern Ireland), for “13.8%”
substitute “15%”.
The amendments made by this section come into force on 6 April 2025.
The
Social Security (Contributions) Regulations 2001
(S.I. 2001/1004) are
amended as follows.
In
regulation 10
(d)
(the secondary threshold for secondary Class 1
contributions), for “£175” substitute “£96”.
In regulation 11 (3A) (prescribed equivalents of the secondary threshold)—
in sub-paragraph (a) , for “£758” substitute “£417”, and
in sub-paragraph (b) , for “£9,100” substitute “£5,000”.
The amounts substituted by this section are specified for the tax year 2025-26.
The National Insurance Contributions Act 2014 is amended as follows.
In section 2 (exceptions), omit—
subsections (4B)
to
(4G)
(secondary Class 1 liability limit of £100,000
or more and receipt of de minimis state aid), and
the italic heading preceding those subsections.
The amendments made by this section come into force on 6 April 2025.
This Act may be cited as the National Insurance Contributions (Secondary Class 1 Contributions) Act 2025.
A
bill
to
Make provision about secondary Class 1 contributions.
Brought from the Commons on
Ordered to be Printed, .
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