S.I. No. 429/2004 - Social Welfare (Consolidated Contributions and Insurability) (Amendment No. 1) Regulations, 2004

1. (1) These Regulations may be cited as the Social Welfare (Consolidated Contributions and Insurability) (Amendment No. 1) Regulations, 2004.

(2) These Regulations and the Social Welfare (Consolidated Contributions and Insurability) Regulations, 1996 to 2004 shall be construed together as one and may be cited as the Social Welfare (Consolidated Contributions and Insurability) Regulations, 1996 to 2004.

Definitions.

2. In these Regulations “the Principal Regulations” means the Social Welfare (Consolidated Contributions and Insurability) Regulations, 1996 (S.I. 312 of 1996).

Exclusions from reckonable income.

3. The Principal Regulations are amended by inserting after article 101 the following

“Prescribed section of the

Taxes Consolidation Act 1997

for the purposes of sections 12(12) and 18(4).

“102. Section 985B of the

Taxes Consolidation Act 1997

(No. 39 of 1997) is prescribed for the purposes of sections 10(12) and 18(4).”.

GIVEN under the Official Seal of the Minister for Social and Family Affairs, this 29th day of June, 2004.

MARY COUGHLAN,

Minister for Social and Family Affairs.

The Minister for Finance hereby consents to the making of the foregoing Regulations.

GIVEN under the Official Seal of the Minister for Finance, this 8th day of July, 2004.

CHARLIE McCREEVY,

Minister for Finance.

EXPLANATORY NOTE.

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

These Regulations amend the Social Welfare (Consolidated Contributions and Insurability) Regulations so as to prescribe — for the purposes of

sections 10

(12) and

18

(4) of the

Social Welfare (Consolidation) Act, 1993

— Section 985B of the

Taxes Consolidation Act, 1997

. This part of the Tax Code will be used to govern the payment of PRSI in relation to benefits-in-kind which are irregular in nature and minor in monetary terms.

The Minister for Social and Family Affairs, in exercise of the powers conferred on her by sections 4 (as amended by

section 12

of the

Social Welfare (Miscellaneous Provisions) Act, 2002

(No. 8 of 2002)), 10 (as amended by

section 14

of the

Social Welfare (Miscellaneous Provisions) Act, 2004

(No. 9 of 2004)) and 18 (as amended by s.15 of the

Social Welfare (Miscellaneous Provisions) Act, 2004

(No. 9 of 2004)) of the

Social Welfare (Consolidation) Act, 1993

(No. 27 of 1993) hereby makes the following Regulations

Citation and Construction.