Closed consultation

Draft legislation: The Social Security (Contributions) (Amendment No. X) Regulations 2020.

From:
HM Revenue & Customs
Published
16 October 2019

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Summary

We are seeking views on draft regulations that will enable employers and testimonial committees to report and pay Class 1A National Insurance contributions on termination awards and sporting testimonials in real time.

This consultation ran from
to

Consultation description

This is a technical consultation on draft regulations that will mainly be of interest to employers, businesses, sporting testimonial committees and their advisors.

These regulations will enable HMRC to collect and report the Class 1A National Insurance contributions (NICs) due on termination awards above £30,000 and on payments arising from non-contractual and non-customary sporting testimonials above £100,000 created in the National Insurance contributions (Termination Award and Sporting Testimonials) 2019 Act.

These draft regulations set out how the new Class 1A Employer NIC charge will be reported and collected in real time through PAYE.

On this page, you can read:

  • the draft regulations
  • a technical overview of the regulations

The legislation is intended to take effect from 6 April 2020.

Documents

(Draft) The Social Security (Contributions) (Amendment No. X) Regulations 2020

PDF, 162 KB, 5 pages

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Technical overview of the regulations

PDF, 420 KB, 3 pages

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Updates to this page

Published 16 October 2019

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