Section 16 — Social Security Contributions and Benefits Act 1992: Application of Income Tax Acts and destination of Class 4 contributions.

Application of Income Tax Acts and destination of Class 4 contributions. 16 1 All the provisions of the Income Tax Acts, including in particular—

a provisions as to assessment, collection, repayment and recovery, and b the provisions of Part VA (payment of tax) and Part X (penalties) of the Taxes Management Act 1970, and c the provisions of Schedules 55 and 56 to the Finance Act 2009 and of Schedule 38 to the Finance Act 2012 , and d the provisions of Part 4 (follower notices and accelerated payments) and Part 5 (promoters of tax avoidance schemes) of the Finance Act 2014, and e the provisions of Schedule 18 to the Finance Act 2016 (serial tax avoidance),

and f the provisions of Schedules 24 to 26 to the Finance Act 2021 (penalties) , shall, with the necessary modifications, apply in relation to Class 4 contributions under this Act and the Northern Ireland Contributions and Benefits Act as if those contributions were income tax chargeable under Chapter 2 of Part 2 of the Income Tax (Trading and Other Income) Act 2005 in respect of the profits of a trade, profession or vocation which is not carried on wholly outside the United Kingdom .

2 Subsection (1) above is subject to any provision made by or under—

a sections 17(3) and (4) and 18 below;

b sections 17(3) and (4) and 18 of the Northern Ireland Contributions and Benefits Act;

and c Schedule 2 to this Act.

3 Schedule 2 to this Act has effect for the application or modification, in relation to Class 4 contributions under this Act and the Northern Ireland Contributions and Benefits Act, of certain provisions of the Income Tax Acts, and the exclusion of other provisions, and generally with respect to the contributions. 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .