Class 4 NIC Loss Relief
Large Loss 09/10, whole lot carried back to 08/09 to set against profit of that year.
HMRC have given Free standing Tax credit (20%) but forgotten Class 4 NIC relief, which they often do and have written to HMRC
However, just noticed client is over 65 - 09/10
accounts y/e 30/04/08 - loss relief given and client not 65 until 5 May 2008, so Class 4 was charged correctly in 08/09 as his year end prior to reaching 65, so there should be Class 4 NIC relief also, unless HMRC are referencing it to 09/10.
Comments appreciated please.
- Intercompany balances 65 1
- Are HMRC entitled to emails etc 425 7
- Here's one for you... 515 17
- SELF EMPLOYED - CLAIMABLE EXPENSES 321 2
- Journals for Wages 205 3
