NIM02439 - Class 1: Vouchers - non-cash
vouchers - exemptions - childcare up to 5th April 2005
Regulation 25 and paragraph 7 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, a non-cash voucher provided for the
costs of child care is disregarded so long as:
- the child is under age 16;
- the employee has parental responsibility
for the child.
For details of:
- the meaning of "childcare" for the
purposes of this exemption, see
NIM02440
- the NICs disregard from 6 April 2005, see
NIM02445 (contents)
- the tax exemption from 6 April 2005, see
EIM16057-EIM16059. Note that, for tax purposes, this type of
voucher is not exempt from income tax up to 5 April 2005.
