I am looking at the following case.
An employee has worked for his employer company for a number of years, but has now left. Each year, a couple of months after the company's year end, the company has calculated a bonus and paid it to him.
This year, the bonus was paid to the employee after he had left and after he had been issued with his P45.
I am aware that the company should deduct basic rate tax, but what needs to be done about Class 1 NIC?
Many thanks in advance.
L
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