PTP TR - Class 2 NIC is calculating incorrectly resulting in revised calculations being issued by HMRC
Article ID
kba-03847
Article Name
PTP TR - Class 2 NIC is calculating incorrectly resulting in revised calculations being issued by HMRC
Created Date
17th May 2024
Product
Problem
PTP is calculating Class 2 NIC as 53 weeks of £3.45 giving a figure of £182.85. It should be 52 weeks of £3.45 giving a figure of £179.40.
Resolution
This will be fixed in the May service pack. The workaround is to manually override the figure via the fanned pages icon in the Calculation screen ‘Enter Class 1 and Class 2 amount(s) here for Class 4 calculation’.
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