(a) Alison has been self-employed for many years and her profit for tax year 2023-24 is 6,700....
Question:
(a) Alison has been self-employed for many years and her profit for tax year 2023-24 is £6,700. Is she liable to pay Class 2 NICs for the year?
(b) Amanda starts a business on 29 May 2023 and she is self-employed throughout the remaining 45 weeks of tax year 2023-24. Her profit for 2023-24 is £15,300. Calculate the required Class 2 NICs for the year.
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a Alisons profit for the year is less than the small profits ...View the full answer
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