902.This section provides for the treatment of National Insurance contributions on share option gains.
903.Subsection (1) amends Schedule 1 to the Contributions and Benefits Act 1992. It omits sub-paragraph (2) of paragraph 3 of Schedule 1 to that Act, which deals with prohibition on deduction or recovery of Class 1 Contributions.
904.Subsection (2) inserts new paragraphs 3A and 3B into Schedule 1 to the Contributions and Benefits Act 1992.
Part IV: National Insurance Contributions Commentary on Sections Section 77: Liability of earner for secondary contributions: Great Britain