The Social Security (Contributions) (Amendment No. 5) Regulations 2025
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
2 Amendment of the Social Security (Contributions) Regulations 2001
In Part 10 of Schedule 3 to the Social Security (Contributions) Regulations 2001 (payments to be disregarded in the calculation of earnings for the purposes of earnings-related contributions) after paragraph 31 insert— Horizon Shortfall Scheme Appeals compensation payments 32. (1) A payment made by the Department for Business and Trade to a person or a nominated individual under the Horizon Shortfall Scheme Appeals. (2) A relevant onward payment of the payment defined in paragraph (1). (3) In this paragraph— “Horizon Shortfall Scheme” has the same meaning as in paragraph 27(2); “Horizon Shortfall Scheme Appeals” means the independent appeals process created by the Department for Business and Trade to assess compensation claims made under the Horizon Shortfall Scheme; “nominated individual” means any person who was a shareholder or a director of a company or a partner in a partnership which ceased to exist and that would have been eligible for compensation under the Horizon Shortfall Scheme Appeals; “relevant onward payment” has the same meaning as in paragraph 28(5).
2 Amendment of the Social Security (Contributions) Regulations 2001
In Part 10 of Schedule 3 to the Social Security (Contributions) Regulations 2001 (payments to be disregarded in the calculation of earnings for the purposes of earnings-related contributions) after paragraph 31 insert— Horizon Shortfall Scheme Appeals compensation payments 32. (1) A payment made by the Department for Business and Trade to a person or a nominated individual under the Horizon Shortfall Scheme Appeals. (2) A relevant onward payment of the payment defined in paragraph (1). (3) In this paragraph— “Horizon Shortfall Scheme” has the same meaning as in paragraph 27(2); “Horizon Shortfall Scheme Appeals” means the independent appeals process created by the Department for Business and Trade to assess compensation claims made under the Horizon Shortfall Scheme; “nominated individual” means any person who was a shareholder or a director of a company or a partner in a partnership which ceased to exist and that would have been eligible for compensation under the Horizon Shortfall Scheme Appeals; “relevant onward payment” has the same meaning as in paragraph 28(5).
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