These sections provide for a number of changes to National Insurance contributions (NICs) that were announced in the Budgets of 1998 and 1999. They were added to the Bill during Commons Committee stage (Hansard: Standing Committee D col. 981).
Commentary Schedule 12Part II Chapter II: National Insurance Contributions Sections 73 & 74 (and Schedules 9 and 10): New threshold for primary Class 1 contributions