Day: 10 May 2021

HMRC clarifies NICs payment rules for directors.

HMRC has updated the guidance on how to work out national insurance contribution (NIC) payments for directors. Directors have to use an annual earnings period to work out their liability for Class 1 NICs. This figure must include all the director’s earnings when working out NICs, including fees and bonuses. Directors are classed as employees …

HMRC clarifies NICs payment rules for directors. Read More »

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