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Does 'Directors Remuneration' include Employers NIC?

Just having a brain blip - should note regarding Director's remuneration in the accounts include or exclude employers NIC? I guess Employers NIC is technically 'cost of remuneration' rather than 'remuneration'. Any consensus?

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07th Feb 2013 13:28

No

.

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07th Feb 2013 13:40

Agreed

No Er's NIC, but you do have to include BIKs along with salary.

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By mdoyle
07th Feb 2013 13:53

i'd say that employers' NI is shown separately in the accounts and that includes directors ni. in the accounts note though on directors rem, it doesn't include the ni for disclosure purposes.  oops

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07th Feb 2013 14:03

Really?

mdoyle wrote:

i'd say that employers' NI is shown separately in the accounts and that includes directors ni. in the accounts note though on directors rem, it includes the ni for disclosure purposes. 

Employers' NIC is not required to be shown anywhere in the statutory accounts or notes.

How does your opinion - that Directors' Remuneration in the Operating Profit note includes NIC - comply with the law set out in s.412(2) CA 2006 and SCG(ADR) Regs. 2008 Sch.3, 1?

[EDIT]  Oh!  I see that you have changed your mind, so now we are all agreed.

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