NIC's Flashcards
salary, bonus and cash earnings
p
payments in readily convertible assets e.g gold or wine
p
vouchers
p
write off of beneficial loan
p
smrs in excess of 45p per mile
p
personal bills
p
profit element of round sum allowance
p
childcare vouchers in excess of rules
p
phone rental and private calls where employee is subscriber
p
phone rental and private calls where employer is subscriber
1a
taxable benefits under salary sac
1a
beneficial loan int
1a
relocation in excess of 8000
1a
directly contracted childcare in excess of rules
1a
due date of 1 prim?
per earnings period- normally monthly- via paye
annual earnings period for directors
due date of sec?
as prim
due date of 1a?
19 july following ty- 22 july if paid electronically
due date of 1b?
19 oct following ty (22nd if paid electronically)
class2 due date?
31 jan following ty
class4 due date?
via self assessment including poa
limit for employers allowance?
dont get if nic liability is over 100,000
not available where only payrolled person is single director
when are poa not required?
amount of tax due in prior year was less than- 1,000 or 20% of total income tax and class4 liability
apprenticeship levy?
for employers with an annual bill of more than 3 million - 0.5% of the annual pay bill calculated on a cumulative monthly basis
app levy allowance is 15000
