NIC Flashcards
1
Q
What is the £50,270 higher rate class 1 NIC band exactly the same as?
A
HIGHER RATE INCOME TAX BAND, including the PA!
2
Q
NIC impact of splitting profits between more people?
A
MORE (C1) NIC because FRONT LOADED
3
Q
Do you pay C1 NIC on the first 12,570 when you have already used up 12,570 as PA elsewhere?
A
NO, YOU STILL GET THE FIRST 12,570 AT ZERO
