Expenses and benefits in kind : a guide to tax and NICs: Inducements  

Circumstances

Inducement payment such as a golden hello paid by employer to an employee to secure or retain their services

Class 1 NICs

Yes

PAYE

Yes

Enter on P11D

No

Class 1A NICs

No

Enter on P9D

No

Further information

EIM00700 and NIM02185

Level 2 Table of Contents

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