How to Pay Class 1A NIC? | A Comprehensive Guide
Class 1A National Insurance Contributions (NICs) in the UK are a type of employer's contribution paid on benefits in kind. Benefits in kind are non-cash perks or rewards given to employees as part of their overall remuneration package, such as a company car, private healthcare, or other perks that are not paid as regular salary or wages. As an employer, if you provide such benefits, you are responsible for paying Class 1A NIC on their value. This type of NIC is separate from the Class 1 NICs that both employees and employers pay on earnings.