NIC definition
Examples of NIC in a sentence
The Supplier shall produce the annual reports which shall, as a minimum, include but not be limited to, the following: Total fees paid by cost centre Total expenses paid by cost centre Total Tax payments Total NIC Supplier invoicing and charges (i.e. the fees from the Supplier for this service).
Provide remittance advice (preferably by email) to payees showing for each payment: Date paid Address Payroll number Total amount paid with breakdown of individual fees and expenses TAX & NIC deductions Date paid Provision of payee records which enable, amongst other things, the requirements of RTI reporting to HMRC.
A payment service for Fees which operates PAYE in the normal way in real time (including issue of P60s) and: Pays fees to IEE’s at amounts approved by STA Pays the tax and NIC deducted from fees timely to HMRC at intervals as required by the regulations.
Provider should supply annual report showing: Total fees paid by cost centre Total expenses paid by cost centre Total tax payments Total NIC Supplier invoicing and charges Report on payments not made due to incomplete or invalid payee records or incorrect / duplicate claims submitted.