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Long service award NIC

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.

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May 16, 2020 at 11:29 pm #571067
jean989
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Dear Sir,
I know that long service award is a non cash benefit will we assess it under nic 1 or nic 1a
May 20, 2020 at 9:30 am #571295
Tax Tutor
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It is not a non cash benefit – it is an exempt benefit and therefore no NIC is payable on exempt employment income benefits
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