1108Total amount of company's PAYE and NIC liabilitiesU.K.
(1)The total amount of the company's PAYE and NIC liabilities for a payment period is the sum of—
(a)amount A, and
(b)amount B.
(2)Amount A is the amount of income tax for which the company is required to account to an officer of Revenue and Customs for the payment period under PAYE regulations.
(3)In calculating amount A disregard any deduction the company is authorised to make in respect of child tax credit or working tax credit.
(4)Amount B is the amount of Class 1 national insurance contributions for which the company is required to account to an officer of Revenue and Customs for the payment period.
(5)In calculating amount B disregard any deduction the company is authorised to make in respect of payments of statutory sick pay, statutory maternity pay, child tax credit or working tax credit.