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PART III
Social Insurance Contributions
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Employment contributions (new rates of contributions and increases in earnings ceilings).
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8.—(1) Section 10 of the Principal Act is hereby amended by—
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(a) the substitution in subsection (1) (b) of “£80” for “£50”(inserted by section 6 of the Act of 1995),
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(b) the substitution in subsection (1) (c) of “£22,300” for “£21,500” (inserted by section 6 of the Act of 1995),
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(c) the substitution in subsection (1) (d) (inserted by section 7 of the Act of 1994) of—
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(i) “8.5 per cent.” for “9 per cent.”,
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(ii) “12 per cent.” for “12.2 per cent.”, and
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(iii) “£250” for “£231” (inserted by section 6 of the Act of 1995) in both places where it occurs,
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(d) the substitution in subsection (1) (e) of “£26,800” for “£25,800” (inserted by section 7 of the Act of 1994), and
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(e) the deletion of subsection (7).
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(2) This section shall come into operation on the 6th day of April, 1996.
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