Quick NI Class 2 Question

**famousboy** · 23-10-05

I have 2 current accounts. My normal personal account and the one I use to put all my website expenses and affiliate cheques through (my business account so to speak).

I'm just registering with the HMR&C as a self employed peep and setting up a direct debit for the class 2 NI contributions.

Question..
Should I set up the debit from my personal account or the business account.
ie: Is it classed as an expense?

**drivetowin** · 23-10-05

Business account - it's an expense.

**Barry** · 23-10-05

If I were you I'd set it from my business account, otherwise the tax people may ask to see the 'personal account' details at a later date.

As far as I know you cannot count your tax spending as a business outgoing.

**famousboy** · 23-10-05

Thanks. Will do!

One other thing then..

On my income/outgoings records I'm keeping, do I record the NI payments as an outgoing?

**Martyn A** · 23-10-05

Your NI contributions - as has already been mentioned - are not regarded as a 'business expense' for tax purposes. Consequently, it doesn't make much difference where they are paid from

Martyn