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NIC

Forums › ACCA Forums › ACCA TX Taxation Forums › NIC

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by mrjonbain.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • September 19, 2018 at 10:29 pm #475328
    racucamelia
    Member
    • Topics: 34
    • Replies: 39
    • ☆☆

    Hello,

    you mention that class 1 contribution is based on cash earnings. If somehow in the question there is also a personal contribution, occupational pension scheme or a PAYE figure . Do we have to deduct these from the cash earnings ?

    also, for class 2 contribution we pay 2.85 pounds / week for all the trading profit and not what exceeds the threshold of 6025 pounds?

    Thank you

    September 20, 2018 at 4:24 pm #475393
    mrjonbain
    Moderator
    • Topics: 1
    • Replies: 1572
    • ☆☆☆☆☆

    If you want to ask the tutor something directly,please post to ask the tutor forum on the following link:
    https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-taxation-tx-uk-exams/
    This forum is primarily concerned with students helping one another.

    September 20, 2018 at 9:12 pm #475416
    racucamelia
    Member
    • Topics: 34
    • Replies: 39
    • ☆☆

    Thank you, I will do that

    September 20, 2018 at 10:22 pm #475424
    mrjonbain
    Moderator
    • Topics: 1
    • Replies: 1572
    • ☆☆☆☆☆

    You are welcome.

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