• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

nic

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › nic

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 17, 2017 at 6:05 pm #402238
    firelion28
    Member
    • Topics: 159
    • Replies: 83
    • ☆☆☆

    hi,

    the threshold for NIc is that uptil 8060 there is no nic contribution, and then upto 43000, there is 12%, suppose if an employee works for only 9 months and the profit for those 9 months is 12000 , wont they threshhold be 9/12 * 8060=6045 and then so it should be 12000-6045 and then we pay 12% on the remaining !
    hoever in the bpp even if the employee works for 9 months, they removie the entire 8060 for the year. It really doesnt make any sense to me

    can u explain sir
    thanks

    August 20, 2017 at 4:28 am #402532
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Firstly re your question above the employee does not have “profits” but has employment income upon which NIC will be charged. In practice NIC are computed on either a weekly basis or monthly basis depending on whether the employee is paid weekly or monthly – the employee’s earnings period – for which there are weekly and monthly lower and upper profit limits to be used. The F6 syllabus however only includes the annual limits and the annual calculations

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • ahmadhoney on ACCA Advanced Audit and Assurance (AAA) The Audit Report 3: Types of Audit Report
  • Bimasha@123 on Discounted Cash Flow Techniques – ACCA Advanced Performance Management (APM)
  • Ken Garrett on Discounted Cash Flow Techniques – ACCA Advanced Performance Management (APM)
  • Bimasha@123 on Discounted Cash Flow Techniques – ACCA Advanced Performance Management (APM)
  • John Moffat on AA Chapter 7 Questions

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in