National Insurance Contributions (Termination Awards and Sporting Testimonials) Bill

Explanatory Notes

What these notes do 

These Explanatory Notes relate to the National Insurance Contributions (Termination Awards and Sporting Testimonials) Bill as introduced in the House of Commons on 25 April 2019 (Bill 381).

· These Explanatory Notes have been prepared by HM Revenue & Customs (HMRC) in order to assist the reader of the Bill and to help inform debate on it. They do not form part of the Bill and have not been endorsed by Parliament.

· These Explanatory Notes explain what each clause of the Bill will mean in practice; provide background information on the development of policy; and provide additional information on how the Bill will affect existing legislation in this area.

· These Explanatory Notes might best be read alongside the Bill. They are not, and are not intended to be, a comprehensive description of the Bill.

 

Prepared 24th April 2019