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.
