
Print Options
PrintThe Whole
Instrument
PrintThe Whole
Part
PrintThis
Section
only
Status:
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Savings for the purpose of making a return of relevant profits (Great Britain)
This section has no associated Explanatory Memorandum
9. After section 11 of the Social Security Contributions and Benefits Act 1992() (Class 2 contributions) insert—
“11A. Relevant profits to be included in self assessment tax return
(1) Part 2 (returns) of the Taxes Management Act 1970() applies, with the necessary modifications, for the purpose of establishing whether an earner has relevant profits of, or exceeding, the small profits threshold for a tax year, as it applies for the purpose of establishing the amounts in which a person is chargeable to income tax and capital gains tax for a year of assessment.
(2) In this section “relevant profits” has the meaning it has in section 11 (Class 2 contributions).”.
Back to top