Class 1 NICs: Employment Related Securities (ERS): Internationally Mobile Employees (IMEs): legislation
Paragraph 18 of Part 9 of Schedule 3 Social Security (Contributions) Regulations (SSCR) 2001 (As inserted by The Social Security (Miscellaneous Amendments No. 2) Part 1, Regulation 21(3) 2015 / Statutory Instruments 2015 No. 478)
The Social Security (Miscellaneous Amendments No. 2) Part 1, Regulation 21(3) 2015 / Statutory Instruments 2015 No. 478 inserts paragraph 18 into Part 9 of Schedule 3 of SSCR 2001. This provides a disregard for the proportion of employment income in relation to ERS, which is attributable to periods where the IME, owing to residence conditions, European Union social security rules, or an international social security convention is not liable for earnings-related National Insurance contributions.
These Regulations came into force on 6 April 2015 and apply to ERS that vest on or after this date.
These Regulations also apply to ERS awarded/granted prior to 6 April 2015 that vest on or after this date.