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Contents

Official guidance
National Insurance Manual

NIM21000 · Class 2 National Insurance Contributions: Small Earnings Exception

  • NIM21001 · General
  • NIM21002 · Earnings for the purposes of
  • NIM21003 · Evidence of earnings
  • NIM21004 · Evidence of Earnings: New business
  • NIM21005 · How Net Profit is calculated
  • NIM21006 · How Net Profit is calculated: Capital items
  • NIM21007 · How Net Profit is calculated: Capital expenditure
  • NIM21008 · How Net Profit is calculated: Sale of capital item
  • NIM21009 · How Net Profit is calculated: Grants
  • NIM21010 · How Net Profit is calculated: Loans to business
  • NIM21011 · How Net Profit is calculated: Admissible expenses: General
  • NIM21012 · How Net Profit is calculated: Admissible expenses: Private/domestic expenses
  • NIM21013 · How Net Profit is calculated: Admissible expenses: Adjustments for private or domestic expenses
  • NIM21014 · How Net Profit is calculated: Admissible expenses: Depreciation and capital allowances
  • NIM21015 · How Net Profit is calculated: Admissible expenses: Personal drawings
  • NIM21016 · How Net Profit is calculated: Admissible expenses: Stock withdrawals
  • NIM21017 · How Net Profit is calculated: Admissible expenses: Losses from past trading year
  • NIM21018 · How Net Profit is calculated: Admissible expenses: Profits “ploughed back into the business”
  • NIM21019 · Special Groups: Sub-Postmasters & others who include Class 1 earnings in the trade receipts of their business
  • NIM21020 · Special Groups: Partnerships
  • NIM21021 · Special Groups: Partners’ salaries
  • NIM21022 · Special Groups: Spouse's wage
  • NIM21023 · Special Groups: Boarders
  • NIM21024 · Special Groups: Members of religious orders
  • NIM21025 · Special Groups: Child minders
  • NIM21026 · Special Groups: Foster parents
  • NIM21027 · Special Groups: New Deal 50 plus payments
  • NIM21028 · Special Groups: New Enterprise Allowance and similar schemes
  • NIM21040 · Duration of exception: Start date
  • NIM21041 · Duration of exception: End date
  • NIM21042 · Duration of exception: Backdating into a previous tax year
  • NIM21043 · Duration of exception: Contributions already paid
  • NIM21044 · Policy on Paying Voluntary National Insurance Contributions
  1. Class 2 National Insurance Contributions: Small Earnings Exception: Contents
  2. Class 2 National Insurance Contributions: Small Earnings Exception: How Net Profit is calculated: Admissible expenses: Personal drawings

NIM21015 | Class 2 National Insurance Contributions: Small Earnings Exception: How Net Profit is calculated: Admissible expenses: Personal drawings

From HM Revenue & Customs · National Insurance Manual

Personal drawings (for example for living expenses) were not an admissible deduction. Sometimes drawings were shown as expenses in the Profit and Loss Account where the accounts had not been completed with professional help. Therefore, such drawings should have been re-included within the declared profit.

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