NIC implications for non executive director
I am an employee of an investment company in the UK. As part of my role I am a non exec director of two of our UK subsidiaries. This has been the arrangement for 5 years. Last week, our payroll department informed me that because I am a director they have to change the way that I pay NIC. This has resulted in a huge NIC payment this month.
I don't believe this can be right as I receive a salary from the company I am employed by and no fees or other payments from the companies that I am a director of. I am not a director of the company that pays me.
Could anyone advise whether my NIC is being treated correctly?
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