Social Security Contributions and Benefits (Northern Ireland) Act 1992

Method of computing profits or gains N.I.

2 Subject to the following paragraphs, Class 4 contributions shall be payable in respect of the full amount of all profits or gains of any relevant trade, profession or vocation chargeable to income tax under Case I or II of Schedule D, [F1 subject to deduction for any allowance—

(a) the amount of which falls to be given by way of discharge or repayment of income tax under section 141 of the Act of 1990; and

(b) which arises from activities of any relevant trade, profession or vocation.]

Textual Amendments

F1 Words in Sch. 2 para. 2 substituted (8.9.1998) by 1998 c. 14, s. 59(1)(2); S.I. 1998/2209, art. 2(a), Sch. Pt. I (subject to saving in art. 3)