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National Insurance Contributions Act 2006

From Wikipedia, the free encyclopedia

National Insurance Contributions Act 2006[1]
Act of Parliament
Long titleAn Act to make provision about national insurance contributions in cases where there is a retrospective change to the law relating to income tax and to enable related provision to be made for the purposes of contributory benefits, statutory payments and other matters; to make provision about the disclosure of information in relation to arrangements for the avoidance of national insurance contributions; and for connected purposes.
Citation2006 c. 10
Dates
Royal assent30 March 2006
Commencement30 March 2006[2]
History of passage through Parliament
Text of statute as originally enacted
Revised text of statute as amended

The National Insurance Contributions Act 2006 (c. 10) is an act of the Parliament of the United Kingdom. It amends the law relating to national insurance contributions. Its precursor was an announcement made in the Paymaster General's Pre-Budget Report 2004.[3]

HM Revenue and Customs estimated that the Act would secure £95 million in national insurance contributions for the financial year 2004-05 and £240 million per annum in subsequent years.[4]

References

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  1. ^ The citation of this Act by this short title is authorised by section 10 of this Act.
  2. ^ The National Insurance Contributions Act 2006,section 9
  3. ^ Explanatory notes, paragraph 3
  4. ^ Regulatory Impact Assessment for the National Insurance Contributions Bill. HMRC. Page 12.
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