National Insurance Contributions Act 2006
| Act of Parliament | |
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| Long title | An Act to make provision about national insurance contributions in cases where there is a retrospective change to the law relating to income tax and to enable related provision to be made for the purposes of contributory benefits, statutory payments and other matters; to make provision about the disclosure of information in relation to arrangements for the avoidance of national insurance contributions; and for connected purposes. |
|---|---|
| Citation | 2006 c. 10 |
| Territorial extent | [b] |
| Dates | |
| Royal assent | 30 March 2006 |
| Commencement | 30 March 2006[c] |
| Other legislation | |
| Amends | |
Status: Current legislation | |
| History of passage through Parliament | |
| Text of statute as originally enacted | |
| Revised text of statute as amended | |
| Text of the National Insurance Contributions Act 2006 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. | |
The National Insurance Contributions Act 2006 (c. 10) is an act of the Parliament of the United Kingdom. It amends the law relating to national insurance contributions. Its precursor was an announcement made in the Paymaster General's Pre-Budget Report 2004.[1]
Provisions
The act allowed national insurance contributions to include retrospective tax charges (or liability) from 2 December 2004 and onwards.[2]
The act included measures targeting those using complicated schemes to avoid national insurance contributions and tax: largely from bonuses paid in the financial services industry.[3]
HM Revenue and Customs estimated that the act would secure £95 million in national insurance contributions for the financial year 2004-05 and £240 million per annum in subsequent years.[4]
Notes
References
- John Walters. "National Insurance Contributions Act 2006". Current Law Statutes Annotated 2006. Sweet & Maxwell. London. W Green. Edinburgh. 2006. Volume 1. Chapter 10. pp 10-1 to 10-17.
- Halsbury's Statutes,
- ↑ Explanatory notes, paragraph 3
- ↑ "National Insurance Contributions Bill". BBC News. 30 January 2006. Retrieved 26 February 2026.
- ↑ "Yesterday in parliament". The Guardian. 16 December 2005. Retrieved 26 February 2026.
- ↑ Regulatory Impact Assessment for the National Insurance Contributions Bill. HMRC. Page 12.
External links
- Text of the National Insurance Contributions Act 2006 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk.
- Text of the National Insurance Contributions Act 2006 as originally enacted or made within the United Kingdom, from legislation.gov.uk.
- Explanatory notes to the National Insurance Contributions Act 2006.