Mr. Altonasked the Secretary of State for Social Services if he will take steps to allow company directors to pay monthly contributions at the highest rate throughout the fiscal year and a credit allowed at the end of the year if there is a surplus.
Dr. BoysonNo. To do so would breach the fundamental principle of the national insurance scheme that contribution liability arises when earnings are paid. The new arrangements for assessing directors'246W contribution liability which we introduced in April this year have been generally welcomed by directors and their accountants, and we have no plans to change them.