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Employment Tax

NIC concession for non-resident directors of UK company

Produced by Tolley in association with Jim Yuill at The Yuill Consultancy
  • 22 Mar 2022 12:23

The following Employment Tax guidance note Produced by Tolley in association with Jim Yuill at The Yuill Consultancy provides comprehensive and up to date tax information covering:

  • NIC concession for non-resident directors of UK company
  • Non-resident directors and NIC ― general position
  • NIC concession for directors who are neither resident in the UK nor in another reciprocal agreement country

NIC concession for non-resident directors of UK company

Non-resident directors and NIC ― general position

Directors of a UK limited company are office-holders and treated in the same way as employed earners for NIC purposes by virtue of SSCBA 1992, s 2(1). A shadow director ― someone who acts as a director but has not been appointed as such ― is treated in the same way. A director of a UK company who is resident abroad shall have their NIC liabilities assessed in the same way as a UK resident director. However, where the director is resident in a reciprocal agreement country it is possible for them to hold an

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