As a self employed person, are NI deductions tax deductible at the end of year?
So, say you earn 10k but pay £300 in voluntary NI over the year, that brings your income down to 9,700 that you have to declare?
NI tax deductible
2 posts • Page 1 of 1
NI tax deductible
by qwertyjjj on Tue Jul 27, 2010 2:30 am
- qwertyjjj
- Posts: 10
- Joined: Sun Nov 29, 2009 4:25 pm
Re: NI tax deductible
by robbob on Tue Jul 27, 2010 7:37 am
Hello qwerty
No NI deductions are not tax deductable.
Note you should be paying Class 2 self employed contributions and not class 3 voluntary contributions.
http://www.hmrc.gov.uk/rates/nic.htm
No NI deductions are not tax deductable.
Note you should be paying Class 2 self employed contributions and not class 3 voluntary contributions.
http://www.hmrc.gov.uk/rates/nic.htm
- robbob
- Posts: 1650
- Joined: Wed Aug 06, 2008 4:01 pm
2 posts • Page 1 of 1
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