mc2fool wrote:Eboli wrote:But in NIC it is clear (see the links I posted above) that there is another boundary that exist on the non-trading side of the line between what might be termed dabbling in investments and gainful self employment.
I take it you are referring to the middle tier from the HMRC manual that I posted and linked to in viewtopic.php?p=458513#p458513 before you echoed the same link a couple of posts later.
The question is, what is "enough" such that "does not do enough to pass the trade, profession or vocation test for an income tax charge to arise under Chapter 2 of Part 2 of the Income Tax (Trading and Other Income) Act 2005 (ITTOIA) on the proceeds of their investment related activitie" falls out of that middle tier and into the third tier of "sufficient activity" to pass the test?
The Income Tax (Trading and Other Income) Act 2005 can be found at https://www.legislation.gov.uk/ukpga/2005/5/contents, for anyone that wants to try and figure it out.
It seems that the classification and treatment for Income Tax are somewhat separate to those categories for National Insurance Contributions. I've not fully interpreted document from - The Income Tax (Trading and Other Income) Act 2005 fully, but I'm not convinced that it has any baring on the treatment for National Insurance. Incidentally, there appears to be no mention of National Insurance within the doc.