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This topic has 1 reply, 2 voices, and was last updated 9 months ago by Tax Tutor.

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April 24, 2022 at 12:32 pm #654350
xyzc
Participant
- Topics: 363
- Replies: 130
Is employer class 1 NIC deducted in calculating the corporation tax liability or taxable total profits.
Also is it correct to show it like this:
Tax adjusted trading profit 100000
Less Employer class 1 NIC (5335)
Taxable total profits 94665
Also why is employer class 1 NIC not shown as a deduction in proforma corporation tax computation
April 28, 2022 at 11:57 am #654533
Tax Tutor
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- Topics: 2
- Replies: 3965
Employers NIC is a part of the overall salaries and wages cost of a company – it is not a separate expense item
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