PTP TR - Class 2 NIC

Article ID

kba-03513

Article Name

PTP TR - Class 2 NIC

Created Date

24th June 2016

Product

Problem

How to include Class 2 NIC in the calculation

Resolution

Providing the level of relevant income is above the Class 2 NIC threshold for the current tax year the software will automatically include the maximum amount of Class 2 available for the year.  If the level of income is below the threshold but the client wishes to make the Class 2 payment voluntarily please tick the appropriate box within the Business Details tab of the Self Employment supplement, or box 25 on the Partnership supplement, to facilitate this.

If the amount of Class 2 NIC needs to be restricted for any reason this will need to be done manually via the fanned pages icon within the Tax Calculation screen.