NIM13145 – Class 1A NICs: Liability for Class 1A NICs: Calculating the cash equivalent of a benefit for Class 1A NICs purposes

Section 10, SSCBA 1992

Class 1A NICs are calculated by reference to the cash equivalent of a benefit determined for tax purposes, see NIM15001. Detailed guidance on how cash equivalents are calculated is given in the Schedule E manual. That guidance applies equally to Class 1A NICs.

The table at NIM13150 lists the most commonly provided benefits which attract a Class 1A NICs liability and provides cross references to the appropriate Schedule E guidance.