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Personal Tax Return 2019/2020 Class 2 NIC £159.00

Article ID
personal-tax-return-2019-2020-class-2-nic-159-00
Article Name
Personal Tax Return 2019/2020 Class 2 NIC £159.00
Created Date
14th April 2020
Product
IRIS Personal Tax
Problem
Prepared my first 2019-20 Tax return and noticed that the amount of Class 2 NIC appears to be incorrect at £159 for the year. HMRC also has this figure but according to the published rates for that year it should be £156 (£3 per week).
Resolution

Class 2 NIC is normally £3 * 52 weeks = £156.00 Annually.

However it was a leap year 2019/2020 – so therefore it is £3 * 53 weeks = £159.00.

So therefore, it is showing correctly.

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