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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
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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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