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Discuss the class of NICs and payments of each class

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Reference no: EM132543559

Question - National insurance contributions (NICs) is one of tax revenue for the United Kingdom (UK) tax authority namely Her Majesty's Revenue and Customs (HMRC).

Required -

(i) Explain briefly the definition of National insurance contributions (NICs).

(ii) Discuss the class of NICs and payments of each class.

Reference no: EM132543559

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