NIC Business Tax paper based

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CTB02
CTB02 Registered Posts: 16 Dedicated contributor 🦉
I'm working on the June 10 pasted paper. The accounting period is for nine months, so I have worked the Class 2 payments as 36 x 2.40, but the answer states that it is 48wks x 2.40. Where an I going wrong working out the months into weeks? Can anyone help please?

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  • pirate
    pirate Registered Posts: 469 Dedicated contributor 🦉
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    I did this paper I put 49 weeks as she started trading on the 1st of may which is 3 weeks and 3 days after the start of the financial year and I am sure the answer could be 11 months, 48 weeks or 47 weeks

    Class 2 is what she has to pay
  • CTB02
    CTB02 Registered Posts: 16 Dedicated contributor 🦉
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    Yes, your right thanks for you swift answer Girl pirate. How do you remember all this stuff. Glad you do though.
  • pirate
    pirate Registered Posts: 469 Dedicated contributor 🦉
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    Goodness knows it was a year ago so obviously this stuff sticks

    Good luck when is the exam
  • CTB02
    CTB02 Registered Posts: 16 Dedicated contributor 🦉
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    Thanks for the good luck wishes. Tuesday morning so one day left to get my head about losses and the rest.
  • pirate
    pirate Registered Posts: 469 Dedicated contributor 🦉
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    Loads of time
    seriously good luck
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