Lords examines National Insurance Contributions (Termination Awards and Sporting Testimonials) Bill

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11 July 2019

The National Insurance Contributions (Termination Awards and Sporting Testimonials) Bill had its committee stage, the first chance for detailed line-by-line examination, in the Lords on Wednesday 10 July.

As no changes were suggested to the bill, a motion was agreed that both committee and report stages be dispensed with and that the bill progress directly to third reading. This procedure is known as ‘order of commitment discharged’.

Third reading, a chance to 'tidy up' the bill and make changes, is scheduled for 23 July.

Lords second reading: Wednesday 26 June

Lord Young of Cookham (Conservative), government spokesperson for the Cabinet Office, opened the debate on the bill and responded on behalf of the government.

Members discussed bringing national insurance contributions (NICs) and tax treatment of termination awards and sporting testimonials into closer alignment, the types of event to which the Bill applies and redundancy payments.

National Insurance Contributions (Termination Awards and Sporting Testimonials) Bill summary

This bill aims to:

  • provide for Class 1A national insurance contributions on certain termination awards
  • provide for the controller of a sporting testimonial to be the person liable to pay Class 1A national insurance contributions on payments from money raised by the testimonial.

Further information

Image: PA

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