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Are employer contributions to an employee’s occupational pension scheme a deductible trading expense for tax purposes?
As far as I know, employer class 1 NIC and class 1A NIC are deductible as trading expense for the employer.
All of the abover are deductible on an accruals basis? Should we calculate the amount of class 1 and 1A NIC for the portion of the tax year the employee is employed by a specific employer, or should we calculate them as the period of account as the basis?
Employer contributions to occ. pension schemes are deducted on a paid basis.
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