NIM02401 - Class 1 NICs: Earnings of employees and office holders: Training and similar costs: In-Work Credit Scheme
Regulation 25 and paragraph 11 of Part VII of Schedule 3 to the Social Security(Contributions) Regulations 2001
The In-Work Credit scheme commenced in April 2004.
The scheme was intended to provide additional support to lone parents who found work. Payment of an additional £40 a week was made available to loan parents who had been in receipt of Income Support or Jobseeker바카라 사이트™s Allowance (income based) for 12 months or more if they moved into work of at least 16 hours a week. Payments could continue for up to 12 months.
Legislation was introduced with effect from 6 April 2004, in the form of paragraph 11 of Part VII of Schedule 3 to the Social Security (Contributions) Regulations 2001, to exclude from liability for NICs any payments made to a participant in an In-Work Credit scheme.
There was no liability for Class 1 NICs on any payments made under the In-Work Credit scheme.