(a) Alison has been self-employed for many years. Her profit for tax year 2020-21 is 6,380. Is...

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(a) Alison has been self-employed for many years. Her profit for tax year 2020-21 is £6,380. Is she liable to pay Class 2 NICs for the year?

(b) Amanda starts a business on 25 May 2020 and she is self-employed throughout the remaining 45 weeks of tax year 2020-21. Her profit for 2020-21 is £7,200. Calculate the required Class 2 NICs for the year.

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 11, 2024 02:00 AM

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(a) Alison has been self-employed for many years. Her profit for tax year 2020-21 is 6,380. Is...

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Taxation Finance Act 2020

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