|
|
| |
| |
|
| Thursday 31st January 2008 |
|
| |
| National Insurance Contributions Bill, As Amended
|
|
| |
| |
| |
| |
| |
| | |
| Page 1, line 5 [Clause 1], leave out from ‘(b)’ to end and insert ‘in subsection (3)(a) |
|
| omit “7” and insert “1000”, and |
|
| | (c) | in subsection (3)(b) omit “7” and insert “1000”.’. |
|
| |
| |
| |
| | |
| Page 1, line 5 [Clause 1], at end insert ‘and |
|
| | (c) | in subsection (6), at end insert “and may not include any increase in the |
|
| | upper earnings limit in excess of the increase in the retail price index, in |
|
| | percentage terms, for the year to September of the preceding tax year.”’. |
|
| |
| |
| |
| | |
| Page 1, line 5 [Clause 1], at end insert ‘and |
|
| | (c) | after subsection (6) insert— |
|
| | “(7) | Any regulations made under this section which increase the |
|
| | upper earnings limit shall be reviewed by the Treasury not later |
|
| | than 6 months after the date on which those regulations come |
|
| | into force to determine whether the upper limit, when calculated |
|
| | on an annualised basis, exceeds the level of earnings at which the |
|
| | higher rate of income tax becomes payable. |
|
| | (8) | If this review so determines, the Treasury shall make regulations |
|
| | which set the upper earnings limit, when calculated on an |
|
| | annualised basis, at a level which does not exceed the level of |
|
| | earnings at which the higher rate of income tax becomes payable. |
|
| | (9) | Any regulations made under subsection (8)— |
|
|
|
| |
| |
|
| | (a) | shall be made by statutory instrument which is subject to |
|
| | annulment in pursuance of a resolution of either House |
|
| | |
| | (b) | must be made not later than 1st January of the tax year |
|
| | in which they are made and have effect in respect of the |
|
| | |
| |
| |
| |
| |
| |
| | |
| Page 1, line 10 [Clause 1], after ‘(b)’, insert ‘and (c)’. |
|
| |
| |
| |
| |
| |
| | |
| Page 1, line 18 [Clause 2], leave out from ‘(b)’ to end and insert ‘in subsection |
|
| (3)(a) omit “7” and insert “1000”, and |
|
| | (c) | in subsection (3)(b) omit “7” and insert “1000”.’. |
|
| |
| |
| |
| | |
| Page 1, line 18 [Clause 2], at end insert ‘and |
|
| | (c) | in subsection (6), at end insert “and may not include any increase in the |
|
| | upper earnings limit in excess of the increase in the retail price index, in |
|
| | percentage terms, for the year to September of the preceding tax year.”’. |
|
| |
| |
| |
| | |
| Page 1, line 18 [Clause 2], at end insert ‘and |
|
| | (c) | after subsection (6) insert— |
|
| | “(7) | Any regulations made under this section which increase the |
|
| | upper earnings limit shall be reviewed by the Treasury not later |
|
| | than 6 months after the date on which those regulations come |
|
| | into force to determine whether the upper limit, when calculated |
|
| | on an annualised basis, exceeds the level of earnings at which the |
|
| | higher rate of income tax becomes payable. |
|
| | (8) | If this review so determines, the Treasury shall make regulations |
|
| | which set the upper earnings limit, when calculated on an |
|
| | annualised basis, at a level which does not exceed the level of |
|
| | earnings at which the higher rate of income tax becomes payable. |
|
| | (9) | Any regulations made under subsection (8)— |
|
|
|
| |
| |
|
| | (a) | shall be made by statutory instrument which is subject to |
|
| | annulment in pursuance of a resolution of either House |
|
| | |
| | (b) | must be made not later than 1st January of the tax year |
|
| | in which they are made and have effect in respect of the |
|
| | |
| |
| |
| |
| |
| |
| |
| | |
| Page 2, line 3 [Clause 2], after ‘(b)’, insert ‘and (c)’. |
|
| |
| |
| |
| | |
| Page 2, line 29 [Clause 3], at end add— |
|
| | ‘(5) | If both Houses of Parliament have not by resolution approved an order laid before |
|
| | them by the Secretary of State under section 150A of the Social Security |
|
| | Contributions and Benefits Act 1992 (annual up-rating of basic pension etc and |
|
| | standard minimum guarantees) by 1st April 2012 a Minister of the Crown shall, |
|
| | within 3 months of that date, make a motion in both Houses of Parliament |
|
| | expressing approval of the Government’s policy on the level of the upper accrual |
|
| | point for national insurance contributions.’. |
|
| |
| |
| |
| |
| |
| |
| |
| |
| | |
| Page 3, line 2 [Clause 6], leave out from ‘Act’ to end of line 3 and insert |
|
| | | ‘shall come into force on the day after the Secretary of State lays before |
|
| | Parliament a report setting out projections of the distribution of income from state |
|
| | pensions, broken down by— |
|
| | |
| | |
| | | for each of the twenty years following the year in which this Act is passed.’. |
|
| |