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General Chat Thread, Tax in General; ...
  1. #16

    dhicks's Avatar
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    Quote Originally Posted by FragglePete View Post
    If your 'self employed' income is less than a certain amount (I think it's in the region of £4k per year), you don't have to pay Class 2 NIC on that amount.
    Informative, thanks...

    Business expenses is things like paying my hostage costs
    ...although I must remember never to accept an invitation to "come and look round" your basement...

  2. #17

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    This thread has reminded me, need to apply for class 2 NI exemption this year on my blacksmithing. no way will i meet the threshold!

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