- This topic has 2 replies, 1 voice, and was last updated 8 years ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
- Posts
Bob is an employee of Dibbit Ltd and is paid an annual salary of £50000.He makes contributions of £3000 into the company’s occupational pension scheme each year.
In the tax year 2014/2015 he drove 12000 business miles in his own car for which he was paid 50 p per mile by Dibbit ltd
How much employer’s class 1 NICs is Dibbit Ltd required to pay in respect of Bob’s earnings and refunded mileage for the tax year 2015/16?
answer
class 1 secondary NIC £
(50600-£8112)*13.8%=£5863
w:EARNINGS liable to class 1 NIC
SALARY 50000
EXCESS MILEAGE ALLOWANCE 50000*(50p-45p)=600
50600
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.