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Class 2 NIC

Article ID
ias-12265
Article Name
Class 2 NIC
Created Date
12th April 2016
Product
IRIS Personal Tax
Problem
For the 15/16 tax year and going forward, HMRC require accountants to show the Class 2 NIC amount due for the whole of the tax year on the self assessment tax return. This is shown on page TC1, box 1.
Resolution
Iris automatically calculates the Class 2 NIC. If you need to force the Voluntary payments please; 1) Expland Trade, Profession or vocation 2) NIC Adjusments 3) Tick ‘Voluntary Payments’

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