Paragraph 2
England, Wales and Scotland
Subject to the following paragraphs, Class 4 contributions shall be payable in respect of the full amount of all F1profits—
(a)
which are the profits of any relevant trade, profession or vocation which is not carried on wholly outside the United Kingdom, and
(b)
which are chargeable to income tax under Chapter 2 of Part 2 of ITTOIA 2005.
Annotations
Textual amendments
- F1
Words in Sch. 2 para. 2 substituted (6.4.2005 with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 422(3) (with Sch. 2)