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Class 2 National Insurance
Dave_Hounte
Posts: 1 Newbie
in Cutting tax
I have a part time small business. Last year's income exceeded the Class 2 NIC threshold of £5,075. However, it was fully offset by losses that were made in previous tax years. Therefore I am not liable for Class 4 NICs. So the question is - can this offset also have the effect of exempting me from Class 2 NICs also?
0
Comments
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Class IV only I am afraid. You do know that you can carry the loss forward against the following years income for Class IV proposes?0
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