Actors and national insurance

Actors and national insurance

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A new client is an actor. Activities in the year have been treated as employed for NI purposes and self employed for tax. No Class 2 has been paid.

Class 1 paid was £2,175. Potential Class 4 is £1,775. Is Class 4 not applicable in this situation? Do I just amend the return so as to ignore it? I've tried capping Class 4 but I get a negative figure, which looks very odd to me!

Any help would be appreciated.
Chris Martin

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By Abacjm
08th Nov 2002 00:23

Class 4 Deduction
One way round it would be to place the amount of the taxable profit in Box 3.95 of the S/E Supplement. This takes all the profit out of the Class 4 calculation. In my tax software Drummohr Technologies) you dont have to specify this entry as a negative figure, or tick Box 3.94 so maybe that is where your spurious error is coming from. You can view the result in the revised tax comp summary before saving the file or reverting to the existing.

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