Employer NICs any secondary class 1 (employer) national insurance contributions that the Company or any employer (or former employer) of the Participant is liable to pay as a result of any Taxable Event (or which that person would be liable to pay in the absence of an election of the type referred to in (C) above) and that may be lawfully recovered from the Participant.
Employer NICs means secondary Class 1 National Insurance contributions.
Employer NICs means the employer’s secondary Class 1 national insurance contributions arising in respect of a right granted under the Plan.
Examples of Employer NICs in a sentence
Requiring firms to pay the Employer NICs costs and pension contributions on the CJRS payments will introduce a cost of £69 per month on this figure5.
Tax due on total income generated of £40,000, 2019–20 14,000 12,000 10,000 Tax due (£)8,000 6,000 4,000 2,000 0Employee Income taxSelf-employed NICs Self-employed Employee NICs Corporation tax Owner-manager Employer NICs Dividend tax Note: The calculations assume: total income generated and paid out is equal to £40,000 for each legal form; the tax cost for employees includes employer NICs; company owner-managers take a salary equal to the NI secondary threshold and all post-tax profit as dividends.
The most common timing of these payments was monthly (69.3% for PAYE and 69.7% for Employer NICs) followed by quarterly (21.1% and 22.9% respectively (Table 5.5).
Without limitation to the foregoing, you agree to make an election (the “Election”), in the form specified and/or approved for such election by HMRC, that the liability for your Employer NICs payments on any such gains shall be transferred to you to the fullest extent permitted by law.
Almost a half of the businesses (44.1%) paid PAYE and 39.9% Employer NICs for employees (see Appendix 2; Q22).
More Definitions of Employer NICs
Employer NICs means any secondary class 1 (employer) NICs (or any similar liability for social security contribution in any jurisdiction) that the Company or any employer (or former employer) of Participant is liable to pay as a result of any Taxable Event (or which that person would be liable to pay in the absence of an election of the type referred to in Section 9(c) and that may be lawfully recovered from Participant.
Employer NICs means the employer’s secondary Class 1 national insurance contributions arising in respect of the Award.
Employer NICs means any secondary Class 1 National Insurance contributions which any member of the Group is liable to pay and account for in respect of a Bonus;
Employer NICs means secondary class 1 (employer) NICs that are included in any Tax Liability (or that would be included in any Tax Liability if an election of the type referred to in rule 22.2 had not been made) and that may be lawfully recovered from the Participant; 2
Employer NICs. Any secondary class 1 (employer) NICs that any employer (or former employer) of a Participant is liable to pay (or reasonably believes it is liable to pay) as a result of any Taxable Event (or which they would be liable to pay in the absence of an election referred to in Section 11.2(b) below) and which may be lawfully recovered from the Participant. Group Company: any of the following:
Employer NICs any secondary class 1 (employer) national insurance contributions that the Company or any employer (or former employer) of the Participant is liable to pay as a result of any Taxable Event (or which that person would be liable to pay in the absence of an election of the type referred to in (C) above) and that may be lawfully recovered from the Participant. “Taxable Event”: any event or circumstance that gives rise to a liability for the Participant to pay income tax and national insurance contributions or either of them in respect of: (a) the Performance Award, including its assignment or surrender for consideration, or the receipt of any benefit in connection with it; (b) any shares (or other securities or assets): (i) earmarked or held to satisfy the Performance Award; (ii) acquired pursuant to the Performance Award; or (iv) acquired in consideration of the assignment or surrender of the Performance Award; (c) any securities (or other assets) acquired or earmarked as a result of holding shares (or other securities or assets) mentioned in (b); or (d) any amount due in respect of assets within (a) to (c) above and not made good by the Participant within the time limit specified in section 222 ITEPA. “Tax Liability”: the total of (a) any income tax and primary class 1 (employee) national insurance contributions that any employer (or former employer) of the Participant is liable to account for (or reasonably believes it is liable to account for) as a result of any Taxable Event; and (b) any Employer NICs that any employer (or former employer) of the Participant is liable to pay (or reasonably believes it is liable to pay) as a result of any Taxable Event and that can be recovered lawfully from the Participant. Section 22 shall be replaced by the following provision: Nothing contained in the Plan or this Performance Award shall form part of the Participant’s contract of employment. The Participant hereby acknowledges that under no circumstances will s/he, on ceasing to be an employee or director of or otherwise engaged by the Company or any of its Subsidiaries for any reason (including as a result of a repudiatory breach of contract by the Company or any of its Subsidiaries), be entitled to any compensation for any loss of any right or benefit or prospective right or benefit under the Plan that s/he might otherwise 15 have enjoyed whether such compensation is claimed by way of damages for wrongful dismissal or other breach of contract or by way of compensatio...
Employer NICs has the meaning given in clause 6.4; “Encumbrance” means any debenture, mortgage, charge, pledge, lien, deposit by way of security, restriction, assignment, hypothecation, security interest, or similar agreement, title retention or transfer or other security or preferential agreement or arrangement, but excluding any Permitted Encumbrance; “Engage in” means to carry on or otherwise be directly or indirectly involved as a shareholder, unitholder, director, consultant, adviser, contractor, principal, agent, manager, employee, beneficiary, partner, associate, trustee or financier; “Environment” means humans, animals, plants and all other living organisms including the ecological systems of which they form part and the following media: (a) air (including, without limitation, air within natural or man-made structures, whether above or below ground); (b) water (including, without limitation, territorial, coastal and inland waters, water under or within land and water in drains and sewers); and 5