NIC for Corporation TaxForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › NIC for Corporation TaxThis topic has 1 reply, 2 voices, and was last updated 10 years ago by Tax Tutor.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts June 1, 2014 at 5:06 pm #172390 Mohammad IbrahimMemberTopics: 37Replies: 15☆☆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. June 2, 2014 at 10:45 am #172577 Tax TutorMemberTopics: 2Replies: 3965☆☆☆☆☆The gross cost to companies of salaries and wages, which is of course a tax deductible cost, includes the EMPLOYER’S NIC.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In