baka266

I understand know, thanks so much for explaining! B.

I don't seem to find this information anywhere: When self-employed will the trading allowance be deducted before or after I find out if I am liable to pay NIC 2? What I mean is: if my self-employment profits before any deductions are £6,515 (2021/22) or slightly above, will I automatically have to pay for NIC 2? Or will claiming the £1000 trading allowance reduce my profits below the small profits threshold? Thank you in advance! B.