Hi
If an accounting year end is 31 January are profits apportioned between 2 accounting years to calculate the level of profits to see if small earnings exception applies?
Also, is it the taxable profit that is used?
Many thanks for any help with this.
Class 2 Exception
2 posts • Page 1 of 1
Re: Class 2 Exception
by Gary Hornby on Wed Dec 01, 2010 3:42 pm
Hi CG,
I would imagine apportionment would be required (except for 2009-10 and 2010-11 where the limit is the same).
Use the accounts profit for the tax year rather than taxable profits.
Regards,
Gary
I would imagine apportionment would be required (except for 2009-10 and 2010-11 where the limit is the same).
Use the accounts profit for the tax year rather than taxable profits.
Regards,
Gary
- Gary Hornby
- Posts: 19
- Joined: Tue Nov 23, 2010 12:24 pm
- Location: Middlesbrough
2 posts • Page 1 of 1
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