Class 1A NICForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Class 1A NICThis topic has 2 replies, 2 voices, and was last updated 8 years ago by Rakeshkumar`.Viewing 3 posts - 1 through 3 (of 3 total)AuthorPosts August 21, 2016 at 7:23 am #334308 Rakeshkumar`MemberTopics: 4Replies: 4☆Greetings sir, A beneficial loan of 2600 is it not exempt from class 1A nic?as beneficial loan of below 10000 is exempt from taxable benefits August 21, 2016 at 10:02 am #334320 Tax TutorMemberTopics: 2Replies: 3965☆☆☆☆☆There is only a Class1A NIC liability for the employer if there is an assessable benefit! If the benefit is exempt then there is indeed no Class 1A charge. August 29, 2016 at 8:35 pm #336100 Rakeshkumar`MemberTopics: 4Replies: 4☆thank you sirso thats an exempt benefit under employment income, and is not a taxable benefit under NIC 1A?thank you so much for your helpAuthorPostsViewing 3 posts - 1 through 3 (of 3 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In