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Hello, I’m hoping you can help with the following.
Q: Employee was provided with a company car throughout 2020/21. List price is £15,000. CO2 emissions is 133g/km. Calculate class 1A NIC taxable benefit.
A(provided with example): 13% + ((130-50) x 1/5) = 29% x £15,000 = £4,350
Shouldn’t it be calculated as 14% + ((130-55) /5) = 29%?
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