What do you mean by when the text book says NIC contributions are tax deductible while calculating tax adjusted trading profits ?
1) Does it mean the treatment is same as that of depreciation ?
OR
2) Is the treatment same as that of profit from disposal or for a short lease ?
And what types of NIC contributions included ?
Thank You.
Ask the Tutor ACCA TX-UK
NIC for Corporation Tax
The gross cost to companies of salaries and wages, which is of course a tax deductible cost, includes the EMPLOYER'S NIC.
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