Related Commentary  Related HMRC Manuals

15(1)  Class 4 contributions shall be payable for any tax year in respect of all profits which–

(a)are immediately derived from the carrying on or exercise of one or more trades, professions or vocations,

(b)are profits chargeable to income tax under Chapter 2 of Part 2 of the Income Tax (Trading and Other Income) Act 2005 for the year of assessment corresponding to that tax year and

(c)are not profits of a trade, profession or vocation carried on wholly outside the United Kingdom.

15(2)  Class 4 contributions in respect of profits shall be payable–

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