(This note is not part of the Regulations)
These Regulations amend the Social Security (Contributions) Regulations 2001 (S.I. 2001/1004).
Regulation 1 provides for citation and commencement.
Regulation 2 provides for two items to be added to the list of non-cash vouchers which are to be disregarded in the calculation of earnings for the purposes of earnings-related national insurance contributions. The items are non-cash vouchers for one mobile telephone (as provided for in section 319 of the Income Tax (Earnings and Pensions) Act 2003 (“ITEPA”)) and for eye tests and special corrective appliances (as provided for in section 320A of ITEPA.).
These amendments bring the national insurance position into line with the tax position.
The provisions of these Regulations do not impose any new costs on business.