NIC1A calculation

NIC1A calculation

Didn't find your answer?

I know that NIC1A is calculated on the net of cost to employer less employee reimbursement.

Does the company still have to pay NIC1A based on the gross even if the employee is entitled to claim relief on his tax return - I am thinking accomodation costs in this case where occupied on a less that 24 month contract

Thanks

Replies (2)

Please login or register to join the discussion.

steve_knowles.png.jpg
By Steve Knowles
23rd Apr 2012 16:50

If there is a valid business use claim

then this is deducted before calculating the Class1A due - use the reverse of the form P11D(b)

Thanks (0)
avatar
By spayne
23rd Apr 2012 18:11

NIC1A and P11Db

Many thanks Steve

I knew there had to be something just needed pointing in the right direction. Am also looking at CWG5

Thanks (0)