UK Parliament has completed passage of the National Insurance Contributions (Secondary Class 1 Contributions) Bill, which implements the new national insurance contribution rates announced by the Chancellor of the Exchequer in the 2024 Autumn Budget. Following final consideration of amendments between the two Houses, the bill received Royal Assent on 3 April and became an Act of Parliament. The end-stage “ping pong” process focused on proposed changes relating to exemptions for healthcare providers, companies with small workforces, and a requirement for an impact review on certain sectors and industries. Peers considered Commons reasons for disagreeing with Lords amendments on 31 March, after voting on 24 March to approve alternative amendments covering all three areas.
UK Parliament 2025-04-01
UK Parliament enacts legislation implementing 2024 Autumn Budget changes to secondary Class 1 national insurance contributions
UK Parliament has enacted the National Insurance Contributions (Secondary Class 1 Contributions) Bill, formalizing new rates announced in the 2024 Autumn Budget. The bill, which includes exemptions for healthcare providers and small companies, underwent final amendments before receiving Royal Assent on 3 April. The legislative process involved resolving disagreements between the Houses on amendments related to sector impact reviews.