Long service awards: awards
not made in cash: partially exempt awards
Circumstances |
Where an award that is not in cash is made to an employee to mark long service with an employer and
|
Class 1 NICs |
No* |
PAYE |
No* |
Enter on P11D |
Yes - section A |
Class 1A NICs |
Yes |
Enter on P9D |
Yes – section A(2) |
Further information |
Tax and NICs are due only on the amount that exceeds the £50 per year of service limit
*Some non-cash awards above the £50 limit attract a PAYE and Class 1 NICs liability. This is because they are readily convertible assets, or payments in kind that are not excluded from Class 1 NICs, see EIM11803 and NIM02020.
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