Session 2014 - 15
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1

 

House of Commons

 
 

Notices of Amendments

 

given on

 

Wednesday 15 October 2014

 

Public Bill Committee


 

National Insurance Contributions Bill


 

Mr David Gauke

 

Schedule  1,  page  8,  line  14,  leave out “£2.75” and insert “£2.80”

 

Member’s explanatory statement

 

This amendment changes the rate of Class 2 contributions that a self-employed earner is liable to

 

pay, to take account of indexation in accordance with Government policy announced at Budget

 

2011. The new rate of £2.80 will be applicable for the 2015-16 tax year.

 

Mr David Gauke

 

Schedule  1,  page  8,  line  21,  leave out “£5,885” and insert “£5,965”

 

Member’s explanatory statement

 

This amendment changes the small profits threshold (“SPT”), below which no Class 2

 

contributions are payable, to £5,965 for the tax year 2015-16, to take account of indexation in

 

accordance with Government policy announced at Budget 2011 for the small earnings exception

 

(which the SPT replaces).

 

Mr David Gauke

 

Schedule  1,  page  8,  line  27,  leave out “£2.75” and insert “£2.80”

 

Member’s explanatory statement

 

This amendment changes the rate of Class 2 contributions that a self-employed earner may pay

 

voluntarily, to take account of indexation in accordance with Government policy announced at

 

Budget 2011. The new rate of £2.80 will be applicable for the 2015-16 tax year.

 

Mr David Gauke

 

Schedule  1,  page  11,  line  21,  leave out “£2.75” and insert “£2.80”

 

Member’s explanatory statement

 

This amendment makes provision corresponding to amendment 1, in respect of Northern Ireland.


 
 

Notices of Amendments:                               

2

 

, continued

 
 

Mr David Gauke

 

Schedule  1,  page  11,  line  28,  leave out “£5,885” and insert “£5,965”

 

Member’s explanatory statement

 

This amendment makes provision corresponding to amendment 2, in respect of Northern Ireland.

 

Mr David Gauke

 

Schedule  1,  page  11,  line  34,  leave out “£2.75” and insert “£2.80”

 

Member’s explanatory statement

 

This amendment makes provision corresponding to amendment 3, in respect of Northern Ireland.

 

Mr David Gauke

 

Schedule  1,  page  15,  line  36,  at end insert—

 

“31A      

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

 

31B(1)  

In regulation 125 (share fishermen), in paragraph (c), for “section 11(1) of the

 

Act (Class 2 contributions), be £3.40” substitute “section 11(2) and (6) of the

 

Act (Class 2 contributions), be £3.45”.

 

      (2)  

The amendment made by sub-paragraph (1) is without prejudice to any power

 

to make regulations amending or revoking the provision amended.”

 

Member’s explanatory statement

 

This amendment changes the Share Fishermen’s rate of Class 2 contributions to £3.45, in line with

 

the changes to the normal rate, to take account of indexation.

 

Mr David Gauke

 

Schedule  1,  page  15,  line  37,  leave out “of the Social Security (Contributions)

 

Regulations 2001”

 

Member’s explanatory statement

 

This amendment is consequential upon amendment 7, which makes this reference to the Social

 

Security (Contributions) Regulations 2001 superfluous.

 

Mr David Gauke

 

Schedule  2,  page  22,  line  30,  at end insert—

 

“Limitation of defence of reasonable care

 

28A      

In section 276 (limitation of defence of reasonable care), the reference in

 

subsection (1) to a document of a kind listed in the Table in paragraph 1 of

 

Schedule 24 to FA 2007 includes a document, relating to relevant

 

contributions, in relation to which that Schedule applies (and, accordingly, the

 

reference to that Schedule in subsection (2) of that section includes that

 

Schedule as it so applies).”

 

Member’s explanatory statement

 

This amendment inserts a modification of section 276 of the Finance Act 2014, to ensure that the

 

higher standard of reasonable care provided for by that section applies to clients of monitored

 

promoters of national insurance contributions avoidance schemes when submitting returns to HM

 

Revenue and Customs.

 


 
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