§ Mr. Spenceasked the Chancellor of the Exchequer on what date the 2 per cent. tax based on the employers' contribution to the National Insurance Fund first becomes payable; and from what date the tax operates.
§ Mr. Robert SheldonThe NIS Act takes effect on any earnings paid on or after 6th April 1977. Collection arrangements for the new tax follow the normal procedures for collecting national insurance contributions. The first remittance date for the fiscal year 1977–78 is 19th May, as it is for income tax and Class I national insurance contributions.