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Tax Tutor.
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AverageAndy- Topics: 128
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Good morning sir,
AverageAndy- Topics: 128
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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.
AverageAndy- Topics: 128
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I understood this sir. Just finished watching your lecture.
Tax Tutor- Topics: 2
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Good!
Yes it is important to work through the lectures and notes first!
AverageAndy
Tax TutorViewing 4 posts - 1 through 4 (of 4 total)
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