Explain the main differences between the primary and secondary Class 1 National Insurance Contributions (NICs). b) Mark
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Question:
Explain the main differences between the primary and secondary Class 1 National Insurance Contributions (NICs).
b) Mark is a company director. His monthly salary is £8,000. During the year 2020-21, he is provided with a petrol-engine car with an emission rating of 112g/km. The car had a list price when new of £28,000 and was registered on 5 February 2019. All fuel and other related costs are paid by the company. The company also provides each of its senior management staff with private insurance cover of £1,800 yearly. Calculate the NICs payable with regard to Mark for 2020-21.
Related Book For
Systems Analysis and Design
ISBN: 978-1133274636
9th Edition
Authors: Shelly Cashman, Gary B. Shelly and Harry J. Rosenblatt
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