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Hello,
-W ltd starts trading on 1 October 2018 and prepares accounts for six months ended 31 March 2019.
Director’s remuneration of £23,000 paid to the managing director of W ltd, together with national insurance class 1. The remuneration was for the period ended 31 March 2019 and was not paid until 5 April 2019. No accrual has been made in the company’s account.
1. The NIC in the question has been calculated as follows:
-(23000-8424) x 13.8%=£2,011.2. My question is why employment allowance has not been deducted?
– Nowhere in the question, it states that the director is the sole employee of the organisation.Thanks
The employment allowance is deducted from total of the employer’s NIC not from the NIC of one specific employee
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