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NIC

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

  • This topic has 5 replies, 2 voices, and was last updated 1 year ago by JillyB.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • June 2, 2024 at 8:27 am #706437
    ilham9089
    Participant
    • Topics: 301
    • Replies: 190
    • ☆☆☆

    What figure do we use for the NIC Class 1 Contribution of Employee and Employer? Is it just the employment income or on the benefits as well?

    June 2, 2024 at 1:39 pm #706450
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    The notes cleary state cash earnings for class 1 NIC and Class 1A for benefits

    June 3, 2024 at 11:58 am #706514
    ilham9089
    Participant
    • Topics: 301
    • Replies: 190
    • ☆☆☆

    Does that also include dividend income if the person is a director of the company?

    June 3, 2024 at 5:49 pm #706538
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    Really???
    Dividends are an investment income – come on!

    June 3, 2024 at 7:14 pm #706551
    ilham9089
    Participant
    • Topics: 301
    • Replies: 190
    • ☆☆☆

    so its basically just the gross salary of the employee? and for class 4 its just the trading profits/property income? also i apologize, it seems instead of making my concepts clearer, the bpp kit has confused me even more

    June 6, 2024 at 10:14 am #706827
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    How did the exam go?

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    Posts
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