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NIC-Class 1A NIC

AAndy6y ago
Good morning sir,
AAndy6y ago#1
Sir I found a sentence in my study text that am unable to understand. It says that : "the employment allowance is deducted form the the total class 1Employer's NICs, not from the liability relating to one individual." So, I have two doubts pertaining to the aforementioned sentence. One, by employment allowance are they referring to employer's class 1A NIC? Two, I used to think that employer's class 1A NIC was deducted from his/her tax adjusted trading profits. But this sentence seems to suggest that its deducted from Employer class 1 NIC. So, now am confused. Any help would be much appreciated.
AAndy6y ago#2
I understood this sir. Just finished watching your lecture.
TTTax Tutor6y ago#3
Good! Yes it is important to work through the lectures and notes first!
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