SA104 : Where can I enter Adjustments to Partnership Profits to reduce the Class 4 National Insurance I need to pay?
Some adjustments can reduce the amount of Class 4 National Insurance contributions you have to pay.
These include:
• adjustments for changes in accounting practice
• certain losses from earlier years
• employment earnings included in your profits
- Click on the Partnership Page and click on EDIT
- Click on NATIONAL INSURANCE and enter the ADJUSTMENT VALUE
- Click SAVE
Related Articles
Why is Class 4 National Insurance 9.73%?
The Class 4 NIC rates have increased from 9% to 9.73%, this increase has been implemented to take into account the amounts due to go towards the Health and Social Care Levy which took place for the four-month period between July 2022 and October ...SA800 : I am in a partnership. What tax returns do I need to file?
As a partnership there are at least three tax returns required: 1. SA800 Partnership tax return. On here you show details of the partnerships income and expenses, the names of the partners (including address, national insurance number & UTR) and ...SA106: How do I enter Foreign life insurance gains?
To enter foreign life insurance gains on your tax return follow these steps: Please note, you should have received a chargeable event certificate which includes the details you need to enter. If you haven't received one then please contact your ...Reporting SEISS payments on SA104 partnership page
If you have already made a 'Partnership (SA104)' page, skip to step 5 1. Click on '+ NEW PAGE' and then select 'Partnership (SA104)' 2. Fill in all of your partnership details (as well as any other relevant boxes) and then click on 'Adjustments to ...SEISS payments on Partnership or LLP tax return
Partnerships are a special case. If an SEISS grant claimed by one partner is distributed to all of the partners, it's included as trading profits on the partnership return and this will flow through to each individual partner's profit share. On the ...