NIM02436 - Class 1: Vouchers - non-cash vouchers - exemptions - small gifts from third parties
Regulation 25 and paragraph 6(e) of Part 5 of Schedule 3 Social Security (Contributions) Regulations 2001
Section 324 ITEPA 2003
NIM02416 shows the types of non-cash voucher (see NIM02413 ) that are specifically disregarded in calculating an employee’s earnings for Class 1 NICs purposes. Since 6th April 1999, a non-cash voucher which is exempt from income tax by virtue of the above tax provision is so disregarded.
For details of the tax position of such vouchers, see EIM21715.