Version Superseded: 08/09/1998
Point in time view as at 29/04/1996. This version of this provision has been superseded.
Social Security Contributions and Benefits (Northern Ireland) Act 1992, Paragraph 2 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
2Subject 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, subject to—
(a)deductions for—
(i)allowances which under section 140(2) of the Act of 1990 fall to be made as a deduction in charging the profits or gains to income tax, and
(ii)any allowance the amount of which falls to be given by way of discharge or repayment of income tax under section 141 of that Act,
where in either case the allowance arises from activities of any relevant trade, profession or vocation; and
(b)additions for any such charges as under section 140(7) of that Act fall to be made for purposes of income tax on the profits or gains.
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