Search

Categories

Last 5 posts

Pages

Archive

A Guide to Green Cars

Meta

Calculation of employers’ Class 1A National Insurance Contributions

April 7, 2008 Posted by: Lee

For 2008/9 the percentage for the calculation of employers’ Class 1A National Insurance Contributions (NICs) on company cars remains as for 2007/8 at 12.8% of taxable value.

To calculate the annual Class 1A NICs due, you need to know the car’s taxable value, derived from multiplying the P11D price by the relevant BIK tax percentage. This is then multiplied by 12.8% to give the annual tax due.

Filed under: Latest news |

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

Car Leasing Special Offers - click here