Corporation Tax Act 2009 section 1108

Total amount of company's PAYE and NIC liabilities

Section 1108 explains how to calculate the total amount of a company's PAYE and NIC liabilities for the purposes of the instalment payment rules.

• The total PAYE and NIC liability is calculated by adding together all amounts the company is required to pay under PAYE regulations and all National Insurance Contributions the company is liable to pay as an employer.
• These liabilities are measured over the company's accounting period in question.
• The calculation covers both the income tax the company must deduct and account for under PAYE and the employer's share of National Insurance Contributions.
• This total figure is relevant when determining whether a company qualifies as "large" for the purposes of quarterly instalment payments of corporation tax.