Employer NICs on termination payments
10 November 2017
Class 1A employer National Insurance contributions (NICs) will be payable on termination payments above £30,000 from April 2019 (formerly April 2018).
On 2 November 2017 the government announced that the introduction of the National Insurance Contributions Bill will be delayed.
The introduction of employer NICs on termination payments above £30,000 will now take effect from 6 April 2019 rather than 6 April 2018.
This tax information and impact note has been updated to reflect the change.