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HMRC clarifies NICs payment rules for directors

HMRC has updated the guidance on how to work out national insurance contribution (NIC) payments for directors.

HMRC clarifies NICs payment rules for directors
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For national insurance purposes, Regulation 1 of the Social Security (Contributions) Regulations 2001 defines a company director as a member of a board or similar body where the company is managed by a board or similar body; or a single person where the company is managed by an individual.

Read more at the Accountancy Daily.

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