[ChanelHarding]

I get your confusion about the class 4 contribution threshold not being apportioned for the 14-week period. Typically, the annual threshold is applied for the entire tax year, regardless of the length of the accounting period. So, in Shona’s case, the taxable profit of £10,600 falls above the annual threshold of £9,568, which means she’d be liable for class 4 contributions on the entire amount.

[Author]

Posts