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’