Re: Wildly off-topic: Computer Contracting and NI

["Paul Gordon" <paul_gordon@xxxxxxx>]

Hi Mark,

SWMBO works for the DSS, and I showed her this question. She's pretty sure
(NIC's not being her specialist area), it would probably >not< be
scaled
down pro-rata, as it is an upper limit. However, like I said, she isn't
100%
certain (only 99%!!), so suggests you check out the following URL:
http://www.inlandrevenue.gov.uk/pdfs/nico/ca07/ca07b.htm


HTH

Paul G. (and SWMBO)




>From: Mark Harrison <mark.harrison@xxxxxxx>
>Reply-To: ukha_d@xxxxxxx
>To: "'ukha_d@xxxxxxx'" <ukha_d@xxxxxxx>
>Subject: [ukha_d] Wildly off-topic: Computer Contracting and NI
>Date: Mon, 26 Feb 2001 17:15:54 -0000
>
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>Wildly off topic.
>
>Can any of you IT contractors give me the quick summary of how Class 4
NI
>contributions upper thresholds work if you've only been self-employed
for
>part of the year?
>
>I've paid the Class 2s at £2/week for the period I was self-employed,
but I
>want to know if my Class 4s are subject to the entire year's upper
>threshold, or whether the threshold is also scaled down to just the
period
>I
>was self-employed...
>
>Affects the amount I put aside now for tax and NI come self-assesment
time,
>rather than spending it on yummy HA toys ;-)
>
>Mark

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