12 January 2024
Following the 6 January launch of the new NIC rates, HMRC has updated guidance manuals and the rates and tables on Gov.uk with the blended rates for Directors NICs.
Directors NIC considerations:
- directors who have left within the 2023/24 tax year will need their NICs recalculated to take the blended rate of class 1 NICs into consideration
- directors who remain in employment and have their NICs calculated using the alternative method, will need to be changed to the cumulative calculation in their final pay period of the tax year, to ensure their NICs are calculated using the blended rate.
Further information can be found HMRC NI rates and letters and guidance manuals on Directors NI.
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