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Employment contributions (new rates of contributions, increases in earnings ceilings, etc.).
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8.—(1) Section 10 of the Principal Act is hereby amended by—
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(a) the substitution in subsection (1) (b) of “4.5 per cent.” for “5.5 per cent.”,
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(b) the substitution in subsection (1) (c) of “£23,200” for “£22,300” (inserted by section 8 (1) (b) of the Act of 1996),
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(c) the substitution in subsection (1) (d) (i) and (ii) of “£260” for “£250” (inserted by section 8 (1) (c) (iii) of the Act of 1996), and
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(d) the substitution in subsection (1) (e) of “£27,900” for “£26,800” (inserted by section 8 (1) (d) of the Act of 1996).
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(2) This section shall come into operation on the 6th day of April, 1997.
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