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In a document for payroll system software developers, HMRC has provided more information about the split of the NICs earnings threshold (ET) from April 2011 into separate employee and employer thresholds.  The legislation already defines them separately but, because they have traditionally been set at the same monetary level (e.g. £110 per week for 2010/11), they have both been known as the “earnings threshold”, even though that name does not appear in legislation.

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Posted February 18th, 2010 | No Comments »

Employers and their employees may enter into Agreements or Joint Elections in order to allow an employee, in anticipation of NICs liabilities arising on share option gains, to agree to meet the employer’s Class 1 NICs liabilities.  The Joint Election approach involves a document that legally transfers the liabilities to the employer but only if it has HMRC approval.

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Posted November 24th, 2008 | No Comments »