Self Assessment Incorrect Class 2 NIC's Charge

edited 10 June 2016 at 5:30PM in ISAs & Tax-free Savings
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pennypincher3562pennypincher3562 Forumite
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edited 10 June 2016 at 5:30PM in ISAs & Tax-free Savings
[EDIT] I've just realised that I've posted this on the wrong board. If a mod could delete this thread it would be appreciated.

Hi

I am currently filling out my self assessment online. My 'business' is more like a hobby, and makes very little money, but I declare it nonetheless.

I've got to the end of return, and see that they are trying to charge me £145.60 for Class 2 NIC's.

I've no idea why they are trying to charge me for Class 2 NIC's - I should be exempt as my profits are under £5965 (in fact nowhere near it.) I've checked my return, and the summary clearly shows a profit well below the £5965 threshold.

Any idea where I am going wrong?

Thanks.

Replies

  • badger09badger09 Forumite
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    Hi

    I am currently filling out my self assessment online. My 'business' is more like a hobby, and makes very little money, but I declare it nonetheless.

    I've got to the end of return, and see that they are trying to charge me £145.60 for Class 2 NIC's.

    I've no idea why they are trying to charge me for Class 2 NIC's - I should be exempt as my profits are under £5965 (in fact nowhere near it.) I've checked my return, and the summary clearly shows a profit well below the £5965 threshold.

    Any idea where I am going wrong?

    Thanks.

    You'll probably get more help if you post this on the 'Cutting Tax' board - rather than 'ISAs & Tax Free Savings';)
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