There have been many changes to Part IX of Sch. 3 . Schemes typically used to involve only shares but to bring the NIC rules in line with tax provisions, since 2003 they refer to ‘employment-related securities’.
The provisions of ITEPA 2003, Pt. 7A on employment income paid through third parties, or ‘disguised remuneration’, will also have an impact on the NIC position of certain share-based remuneration arrangements, in that any taxable amounts arising are to be treated as earnings, to the extent that they are not already earnings on basic principles, for NIC purposes. Further details on NIC anti-avoidance legislation are at ¶1007-500ff.