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HMRC internal manual

National Insurance Manual

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HM Revenue & Customs
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Class 1: Vouchers - cash vouchers - calculation of the amount of earnings - voucher provided to two or more employees

Regulation 24 and paragraph 15 of Schedule 2 Social Security (Contributions) Regulations 2001

NIM02498 explains how to calculate the amount of earnings included in any payment made by way of a cash voucher (see NIM02497) which is provided to or for the benefit of one employee. But where such a voucher is provided to two or more employees, the amount of earnings is to be calculated or estimated in the same way as that for a non-cash voucher.

For details of:

  • the method of calculation, see NIM02464 
  • examples illustrating the method of calculation, see NIM02465.

For income tax purposes, the method of apportioning the chargeable expense is different. For details, see EIM16160.