end of year of assessment. assuming he is already paying Class 2 contributions.
Am I correct?
Stuart Jones
Replies (2)
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5 October = notify chargeability
If the client is already within SA and already paying class 2 NIC he has already met the two requirements which are...
(a) Class 2 NIC - 3 months [notification for this within the deadline will cover item (b)].
(b) Income Tax - within 6 months of tax year end [5th October] - far more than just self-employment - eg. covers income not liable to Class 2 NIC such as property or investment income or a sum of several different incomes when added together causing a higher rate tax liability (eg. employment).