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Good day ma’am.
Just need clarification on whether NICs(Class 1,Class 2, Class4) paid by individuals are deductible from their employment income/trading profit.
And Class 1 and Class 1A NICs paid by employers is deductible from from trading profit while calculating Corporation tax right ma’am?
Thank you very much
Class 1 is deductable by the employer on all payments – er’s and ee’s.
Class 2/4 is not deductible from trade profits
