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Ask the Tutor ACCA TX-UK

Long service award NIC

JMjean michel6y ago
Dear Sir, I know that long service award is a non cash benefit will we assess it under nic 1 or nic 1a
TTTax Tutor6y ago#1
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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