I hope you are all smiling an keeping safe during these distressing times! I am calculating the self employment payment for my self employed clients - I understand how it's worked out - that's simple enough - however, which figure are they using - i understand they say trading profits . The question is this....is this trading profits before or after capital allowances. To me, any profits after capital allowances are adjusted net profits. I have asked several of my accountant friends and we are all divided!