Hi
My client has recently registered for self-employment on a new business. He had in fact been self-employed(!) helping to run some rental properties held by a family trust for which he charged the other beneficiaries £1000 each per annum, his total income from this source was £4,000 per annum. The Revenue have sent a letter for Class 2 payments not made backdated to 2010/11.
Can I claim Class 2 small earnings exception and if so how many years can I backdate it for.
Any help would be useful.
Replies (1)
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Once the Returns are submitted to HMRC to confirm the low level of self-employed income you can write to the NIC Office and explain that SEE would have applied. I find that they will usually waive the Class 2 in these circumstances.