Clause 4 - Consequential changes to tax relief provisions.
Social Security Contributions
12:15 pm
Mr Joe Benton (Bootle, Labour)
With this we may take amendment No. 18, in page 7, line 2, at end add—
`(5) Where a person pays a special contribution pursuant to section 4 above then, as the case may be, that payment shall comprise either
(a) a deductible expense wholly and exclusively laid out or expended for the purposes of any trade, profession or vocation carried out by him; or
(b) a deductible expense of management of an investment company (where that person is an investment company); or
(c) an amount expended wholly, exclusively and necessarily in the performance of the duties of any office or employment held by him.'.