• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › question

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • April 10, 2022 at 9:54 am #652983
    xyzc
    Participant
    • Topics: 413
    • Replies: 175
    • ☆☆☆☆

    If all of a company’s profits are paid out as director’s remuneration (and related employer’s class 1 NIC) then there will not be any corporation liability.
    In the above statement, if all the profits are paid out as director’s remuneration then there will be nothing to pay employer’s class 1 nic from. So why does in the above statement it is mentioned that all of a company’s profits are paid out as director’s remuneration and related employer’s class 1 nic.
    Also, is employer’s class 1 nic deducted from trading profit in calculating taxable total profits,or is it paid out of taxed profits.
    Does taxed profits mean profits after corporation tax liability have been deducted.
    Also is employee pension contribution either to occupational or personal pension scheme an exempt income for income tax purposes or is it included within the income tax computation as income for calculating income tax liability or is it that the only place where employee pension contribution is used in income tax is in the extension of basic rate and higher rate tax bands.
    Are both employer contribution to occupational and personal pension scheme exempt income.
    Also should the employer contribution to occupational or personal pension scheme be shown on income tax computation with zero adjustment to gain marks or is it enough to not show it at all.

    April 19, 2022 at 5:08 pm #653968
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Please understand that I am not your personal tutor here to answer every individual query that you may have with material from other sources.
    If you have any queries with the contents of the OT study notes or lectures then I will of course seek to assist you so please restrict your questions to the material that I have supplied you with where you have studied both the lecture and the study notes and one question in each post please – not several as you have done here – thank you.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • RashidMh on MA Chapter 1 Questions Accounting for Management
  • John Moffat on Relevant Cash Flows for DCF Relevant Costs (example 1) – ACCA Financial Management (FM)
  • John Moffat on Accounting for Management – ACCA Management Accounting (MA)
  • Hsaini on Accounting for Management – ACCA Management Accounting (MA)
  • kennedyavege@2023 on Relevant Cash Flows for DCF Relevant Costs (example 1) – ACCA Financial Management (FM)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in