NI Class 2 again! Dec 09 BTC paper

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reddwarf
reddwarf Registered Posts: 528 Epic contributor 🐘
I can't figure out why they have said 10 months for the Class 2 and not 9?? Its a year end of April 31st to 31 st January period.

This class 2 stuff is drving me batty !

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  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
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    reddwarf wrote: »
    I can't figure out why they have said 10 months for the Class 2 and not 9?? Its a year end of April 31st to 31 st January period.

    This class 2 stuff is drving me batty !

    you sure its not 1st April?
  • Yoelle
    Yoelle Registered Posts: 13 New contributor 🐸
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    We covered this in a revision class the other day. Class 2's are done on number of weeks of the tax year, so the tax year starts 1st April, therefore 1 April to 31 Jan is 10 months- it's not calculated on the companies chosen accounting year dates but the HMRC April to March dates. I hope I understood this right- let me know if anyone else agrees!
  • jewels.p
    jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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    Yip I agree
  • reddwarf
    reddwarf Registered Posts: 528 Epic contributor 🐘
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    Thanks for clearing this one up!
  • reddwarf
    reddwarf Registered Posts: 528 Epic contributor 🐘
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    Just to confirm, if a sole trader were on current year basis they would pay 52 weeks class 2 regardless of their accounting period. Its only commencement and cessation that would alter that.
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