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The National Insurance Board Purchase Order Form

The National Insurance Board Purchase Order Form

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if you have set up a company and appointed yourself as a director you will have to pay National Insurance contributions in two ways keep watching to find out [Music] hi there Nicholas cabin here from first formations the UK's leading company formation agent if you have set up a limited company and appointed yourself as a director you will pay National Insurance contributions also known as Nic in two ways the company itself will pay Nic as an employer and you will personally pay Nic on your director's salary now in this video we discuss the basics of national insurance for limited companies including the different types of contributions current rates and how to deduct and pay Nic through your company payroll the rates and figures stated in this video apply to the 2023-2024 tax year which runs from the 6th of April 2023 to the 5th of April 2024. so let's get started what exactly are National Insurance contributions National Insurance is a type of UK tax that is paid on earnings from empl

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