NIM07006 - Class 1 NICs: Payments made under employment legislation: Guarantee payments: NICs treatment
Sections 28 and 34 Employment Rights Act 1996
A guarantee payment is earnings within the definition in section 3(1) of the SocialSecurity Contributions & Benefits Act 1992. The amount of the guarantee payment shouldbe included in the gross amount of the employees earnings for the relevant earningsperiod, and NICs calculated in the normal way on the gross amount.
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