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Class 1 NIC- Employees

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Class 1 NIC- Employees

Viewing 4 posts - 1 through 4 (of 4 total)
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  • May 31, 2019 at 10:48 am #518050
    xanderengst
    Participant
    • Topics: 7
    • Replies: 4
    • ☆

    Hello,

    I’m trying to understand what ‘cash’ earnings means for the calculation of class 1-NIC for employees?

    Does it include mileage reimbursed by a company for business travel?

    Thanks,

    June 1, 2019 at 10:17 am #518170
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    It will only include any excess amounts reimbursed ABOVE 45p per mile.

    June 1, 2019 at 10:21 am #518171
    xanderengst
    Participant
    • Topics: 7
    • Replies: 4
    • ☆

    Thank you.

    And the corresponding amounts over 25p/mile if above 10,000miles?

    June 2, 2019 at 7:03 am #518322
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    No – the 45p figure applies irrespective of mileage

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