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.
Where the amount of the award exceeds the permitted maximum,
the excess amount is not disregarded in the calculation of the
person's earnings.
For details of:
