PTP TR - Class 2 NIC in the tax calculation
Article ID
kba-03513
Article Name
PTP TR - Class 2 NIC in the tax calculation
Created Date
24th June 2016
Product
Problem
How to include Class 2 NIC in the calculation
Resolution
Provided the level of relevant income is above the Class 2 NIC threshold for the current tax year the software will automatically include the maximum amount of Class 2 available for the year. If the level of income is below the threshold but the client wishes to make the Class 2 payment voluntarily, please tick the box within the Business Details tab of the Self Employment supplement “Total profits below Class 2 NIC threshold for the year and paying Class 2 NICs voluntarily”, or tick box 25 on the Partnership supplement, to facilitate this.
If the amount of Class 2 NIC needs to be restricted for any reason this will need to be done manually via the fanned pages icon within the Tax Calculation screen.
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