uksi/2023/751 — The Social Security (Contributions) (Amendment No. 4) Regulations 2023

2023 No. 751 Social Security The Social Security (Contributions) (Amendment No. 4) Regulations 2023 Made 4th July 2023 Laid before Parliament 5th July 2023 Coming into force 26th July 2023 The Treasury make the following Regulations in exercise of the powers conferred by sections 1(6) and (7), 12(6), 13(1) and (7) and 175(3) of the Social Security Contributions and Benefits Act 1992 and sections 1(6) and (7), 12(6), 13(1) and (7) and 171(3) and (10) of the Social Security Contributions and Benefits (Northern Ireland) Act 1992 and now exercisable by them. Citation and commencement 1 These Regulations may be cited as the Social Security (Contributions) (Amendment No. 4) Regulations 2023 and come into force on 26th July 2023. Voluntary Class 2 and Class 3 contributions: tax years 2006-07 to 2017-18 extension of time for payment and tax years 2006-07 to 2022-23 computation of amount 2 1 The Social Security (Contributions) Regulations 2001 are amended as follows. 2 In regulations 50C(4) (Class 3 contributions), 61B(4) (voluntary Class 2 contributions) and 65BA(1) and (3)(b) (voluntary Class 2 and Class 3 contributions: extension of time for payment and computation of amount) for “31st July 2023” substitute “5th April 2025” . 3 In regulation 65BA— a in paragraph (1), after “2016-17” insert “or 2017-18” , b in paragraph (4), after sub-paragraph (a) insert— aa the amount of a Class 3 contribution payable in respect of tax year 2021-22 shall be the amount payable in relation to tax year 2021-22, , and c in the heading, for “tax year 2016-17” substitute “tax years 2016-17 and 2017-18” and for “2021-22” substitute “2022-23” . Stuart Anderson Amanda Solloway Two of the Lords Commissioners of His Majesty’s Treasury 4th July 2023 EXPLANATORY NOTE (This note is not part of the Regulations) These Regulations amend the Social Security (Contributions) Regulations 2001 ( S.I. 2001/1004 ). Regulation 2 extends the deadlines for payment of voluntary Class 2 and Class 3 National Insurance contributions (“NICs”) in respect of tax years 2006-07 to 2017-18. For tax years 2006-07 to 2016-17 the deadline was 31st July 2023 and is now 5th April 2025. For the tax year 2017-18 the deadline was 5th April 2024 and is now 5th April 2025. Regulation 2 also maintains the rates for voluntary Class 2 and Class 3 NICs payable in respect of tax years 2006-07 to 2022-23 until 5th April 2025. Until that date they are payable at the rates at which they were payable during tax year 2022-23. A Tax Information and Impact Note covering this instrument was published on 24th March 2023 and is available on the website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins . It remains an accurate summary of the impacts that apply to this instrument.