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A satisfactory conclusion
Readers may recollect my article 'Another Trap to Avoid', published on 4 October 2001 at page 13. This concerned the rather unusual, but not unknown situation, where a taxpayer has both employment and self employment within the same National Insurance contributions year and pays Class 1, Class 2 and Class 4 contributions during the same year.
A satisfactory conclusion
Readers may recollect my article 'Another Trap to Avoid' published on 4 October 2001 at page 13. This concerned the rather unusual but not unknown situation where a taxpayer has both employment and self employment within the same National Insurance contributions year and pays Class 1 Class 2 and Class 4 contributions during the same year.
In such circumstances there is a maximum Class 4 payment and what is quaintly known as 'deferment' can be claimed. In theory this is available in advance but in practice is claimed at a later date and involves the somewhat complicated claim for repayment.
A number of important issues have emerged since the publication of that article. The first is that the time limit for claiming such repayments has now been cancelled as from 8 October 2002. Before that date the six-year claim...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
