NIC for Corporation Tax

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June 1, 2014 at 5:06 pm #172390
Mohammad Ibrahim
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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 Tutor
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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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