Leonard is employed and received a gross salary of 3,500 per month during tax year 2023-24. He

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Leonard is employed and received a gross salary of £3,500 per month during tax year 2023-24. He also has a small business and paid 52 Class 2 NICs for the year. His trading income for 2023-24 was £14,160.

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

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Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 02, 2024 10:01 AM

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Leonard is employed and received a gross salary of 3,500 per month during tax year 2023-24. He

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Taxation Finance Act 2023

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