Maximum Class 2/4 national insurance contributions

In dispute with HMRC over maximum NICs where both employed and self-employed in 2018/19.

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Employment earnings in 2018/19 were £703,395 and self-employment earnings (for 9 weeks only) were £47,457. Class 1 NICs paid were £15,578. Originally HMRC charged Class 4 cobntributions on the usual basis without considering the employment earnings (£3,435.28) and following correspondence have now adjusted it to £2,010.82. Class 2 contributions are £26.55. The software has calculated the Class 4 contributions as £47,457 - £8,424 x 2% = £780.66. I  should appreciated views on who is correct please.  

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Ivor Windybottom
By Ivor Windybottom
19th Jun 2020 16:56
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By Paul Crowley
20th Jun 2020 14:36

Easiest to understand explanation that I have seen

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