Leonard is employed and received a gross salary of 3,447 per month during tax year 2020-21. He

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Leonard is employed and received a gross salary of £3,447 per month during tax year 2020-21. He also has a small business and paid 52 Class 2 NICs for the year. His trading income for 2020-21 was £12,090.

Calculate the refund of NICs due to Leonard for the year (if any).

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 11, 2024 02:01 AM

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Leonard is employed and received a gross salary of 3,447 per month during tax year 2020-21. He

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To calculate Leonards refund of NICs for the year we first need to determine if he has overpaid his ...View the full answer

Taxation Finance Act 2020

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