Mark starts his own business on 26 July 2021 and is self-employed for 36 weeks in tax

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Mark starts his own business on 26 July 2021 and is self-employed for 36 weeks in tax year 2021-22. His trading profit which is assessed to income tax for 2021-22 is £10,590. Calculate the Class 2 NICs and Class 4 NICs payable by Mark for the year.

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Taxation Finance Act 2021

ISBN: 9781292406725

27th Edition

Authors: Alan Melville

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Question Posted: Jan 31, 2024 02:01 AM

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Mark starts his own business on 26 July 2021 and is self-employed for 36 weeks in tax

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The National Insurance Contributions NICs that a selfemployed individual in the UK like Mark would b...View the full answer

Taxation Finance Act 2021

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