Expenses and benefits in kind : a guide to tax and NICs: Incentive awards
Circumstances |
Cash awards and awards made by vouchers which can be exchanged for cash |
Class 1 NICs |
Yes |
PAYE |
Yes |
Enter on P11D |
No |
Class 1A NICs |
No |
Enter on P9D |
No |
Further information |
Incentive awards that are not made in cash, nor in vouchers that can be exchanged for cash, can be dealt with by PAYE Settlement Agreements or by Taxed Award Schemes. See EIM11215 and NIM02375 for further information.
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