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RE: Wildly off-topic: Computer Contracting and NI


  • To: <ukha_d@xxxxxxx>
  • Subject: RE: Wildly off-topic: Computer Contracting and NI
  • From: "Steve Morgan" <steve@xxxxxxx>
  • Date: Mon, 26 Feb 2001 19:23:23 -0000
  • Delivered-to: rich@xxxxxxx
  • Delivered-to: mailing list ukha_d@xxxxxxx
  • Mailing-list: list ukha_d@xxxxxxx; contact ukha_d-owner@xxxxxxx
  • Reply-to: ukha_d@xxxxxxx

Looking at the SA Tax Return for the 99/00 tax year, I don't think it's pro-rated, but is simply an upper cutoff.
 
This is what I've managed to deduce from:
and
 
FWIW: I'm not self employed - SWMBO and I work for the Inland Revenue Account of EDS and we designed (and wrote most of) the engine that validates and calculates self-assessment tax returns.
 
Steve
 
 -----Original Message-----
From: Mark Harrison [mailto:mark.harrison@xxxxxxx]
Sent: 26 February 2001 17:16
To: 'ukha_d@xxxxxxx'
Subject: [ukha_d] Wildly off-topic: Computer Contracting and NI

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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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