The Social Security (Contributions) (Amendment) Regulations, SI 2018/120, amend the NICs treatment of certain types of payment to align with income tax changes. These changes affect:
valuation of non-cash vouchers and certain motoring expenses provided under optional remuneration arrangements (salary sacrifice);
restriction to ‘eligible employees’ of the NICs disregard for qualifying childcare vouchers; and
exemption from employer Class 1A NICs on certain sporting testimonial payments for 2018/19 and subsequent years.
The Social Security (Contributions) (Amendment) Regulations, SI 2018/120, amend the NICs treatment of certain types of payment to align with income tax changes. These changes affect:
valuation of non-cash vouchers and certain motoring expenses provided under optional remuneration arrangements (salary sacrifice);
restriction to ‘eligible employees’ of the NICs disregard for qualifying childcare vouchers; and
exemption from employer Class 1A NICs on certain sporting testimonial payments for 2018/19 and subsequent years.
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")