Skip to content
ACCA exam results — Are you ready?Chat about it >>

Ask the Tutor ACCA TX-UK

NIC

EEunice3y ago
Good day, I am confused on the type taxable benefits included in NIC 1 and NIC 1A.Are only cash benefits to be included in NIC 1 and to be excluded from NIC 1A.I'll appreciate if you can explain better
JJill3y ago#1
Class 1 NIC is calculated on the income received - ie the salary Class 1A NIC is calculated on the benefits in kind which you will need to calculate.
EEunice3y ago#2
Thank you
Sign in to reply to this topic.