Open consultation

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

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 closes at

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

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Technical overview of the regulations

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Ways to respond

Email to:

nics.correspondence@hmrc.gov.uk

Write to:

National Insurance contributions,
3C/15
100 Parliament Street,
London,
SW1A 2BQ

Published 16 October 2019