NIM02433 - Class 1: Vouchers - non-cash vouchers - exemptions - offshore oil and gas workers: mainland transfers

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

Section 305 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 2001, 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, see EIM34110.