The Social Security (Contributions) (Amendment No. 2) Regulations 2006
These Regulations amend the Social Security (Contributions) Regulations 2001 (S.I. 2001/1004) in consequence of the income tax provisions relating to pensions and pension contributions contained in Part 4 of the Finance Act 2004. They also make two amendments to the computation of amounts by reference to which employers are entitled to make payments on account of national insurance contributions to HM Revenue and Customs quarterly rather than monthly. These two amendments are consequent upon the abolition of payment by employers of tax credits to their employees.