The uncertainty continues over the NIC treatment of employers' contributions to a funded unapproved retirement benefit scheme. Nobody ever thought that NICs applied to contributions to FURBS — except the Inland Revenue who in 1997 published a press release expressing its view. It has never satisfactorily explained its reasoning, but many people have paid NIC just for an easy life. However, in 2000, the case of Tullett and Tokyo Forex International Limited v Secretary of State for Social Security came to the rescue.
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