Director's NIC

The suggestion has been made that rather than pay corporation tax she could have some remuneration just over the lower earnings threshold to give her a National Insurance contributions record for the year. This might be covered in part at least by personal allowances.
My question is whether director's NIC liability is calculated on an annual basis. And if this is paid before the P35 is submitted should this be on a P14 for the year to which it relates and for which corporation tax relief will be obtained or the year of receipt?
My client's director's account is in credit but would it make any difference to the calculations if it were not?
Any other advice would also be welcomed.
Query T17 027 – Nic-ola.

Reply by PMA:

I would endorse the idea of paying just over the lower earnings limit as...