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If an ex-employee (mentioned in the previous Q & A) exercises whilst working for another company, which company is responsible for collecting & paying the income tax and NICs?

April 26, 2017COMPANY ex-employee exercises mentioned paying previous responsible working

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If an ex-employee (mentioned in the previous Q & A) exercises whilst working for another company, which company is responsible for collecting & paying the income tax and NICs?

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A. The company that is the secondary contributor responsible for accounting for primary and secondary NICs, is the employer who granted the option/awarded the securities.