The Social Security (Contributions) (Amendment No. 5) Regulations, SI 2011/2700, provide that amounts chargeable to income tax ITEPA 2003 Part 7A will be treated as earnings for the purposes of national insurance contributions if they would not already be earnings, and includes provision to prevent a double liability for NICs.
They also amend the NICs disregard in relation to qualifying childcare vouchers, to which Class 1 NICs would otherwise apply; and makes miscellaneous amendments as a consequence of changes to FA 2004.
The Social Security (Contributions) (Amendment No. 5) Regulations, SI 2011/2700, provide that amounts chargeable to income tax ITEPA 2003 Part 7A will be treated as earnings for the purposes of national insurance contributions if they would not already be earnings, and includes provision to prevent a double liability for NICs.
They also amend the NICs disregard in relation to qualifying childcare vouchers, to which Class 1 NICs would otherwise apply; and makes miscellaneous amendments as a consequence of changes to FA 2004.
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