NIC charge definition

NIC charge means a liability to pay national insurance contributions under section 6 (Class 1 contributions), section 10 (Class 1A contributions) or section 10A (Class 1B contributions) of the Contributions and Benefits Act.
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NIC charge means a liability to pay national insurance contributions
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Examples of NIC charge in a sentence

  • There is no NIC charge in respect of gains which are subject to CGT.