Clause 4 - Consequential changes to tax relief provisions.
Social Security Contributions
12:00 pm
Mr Howard Flight (Arundel and South Downs, Conservative)
I beg to move amendment No. 16, in clause 4, page 6, line 44, leave out `or (4)'.
There is a potential drafting error in subsection (3). The words ``or (4)'' seem misconceived. As drafted, the subsection seems to be intended to prevent tax relief for the payment of NIC in a number of areas where the Bill removes the obligation to pay full NIC on option exercise, and the list includes clause 2(4), which in fact does not remove the obligation to pay full NIC but reimposes it. There is a double negative point that will not prevent a liability from arising if the payment is not made within 60 days, or now 92 days.