The Social Security (Contributions) (Amendment) Regulations SI 2018/120 were laid on 1 February, and came into force from 6 April 2018.Jump to full report >>
The Social Security (Contributions) (Amendment) Regulations SI 2018/120 were laid on 1 February, and came into force from 6 April 2018. The regulations make three changes to National Insurance contributions (NICs):
There has been quite a lot of comment, not about the regulations themselves, but about the policy underpinning the second of these changes – the Government’s decision to introduce a new scheme to support parents’ childcare costs - Tax Free Childcare - and its intention to close employer-supported childcare (ESC) to new applicants from April 2018. This issue is examined at length in, Childcare Vouchers and Tax-Free Childcare - Frequently Asked Questions, Commons Briefing Paper CBP8055, 20 April 2018.
On 13 March the House considered and approved four statutory instruments, including these regulations. On this occasion the Government announced that it would defer the closure of ESC schemes to new applicants for six months, until October 2018.
Commons Briefing papers CBP-8250
Author: Antony Seely
Topic: National insurance