NIM02437 - Class 1: Vouchers - non-cash vouchers - exemptions - meal vouchers

Regulation 25 and paragraph 6A of Part 5 of Schedule 3 Social Security (Contributions) Regulations 2001

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, so long as the non-cash voucher can only be exchanged for a meal, up to:

• 15 pence a working day
• to a maximum of £1.05 a week

of the value of one or more vouchers is disregarded.

For details of:

• how to calculate the chargeable expense of a voucher which can be exchanged only for a meal which costs more than 15 pence, see NIM02463
• the tax position of such vouchers, see EIM16210.