Wettone Matthews

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From the 6th April 2014, employers can reduce their employer Class 1 National Insurance contributions (NICs) by £2,000 by claiming the Employment Allowance*.

Eligible employers will be able to reduce their NIC payments by up to £2,000 per tax year. Employers are eligible for the Employment Allowance if they are a business or charity and they pay employer NICs on employees' or directors' earnings.

Full details can be found on the HM Revenue & Customs website. For more information on how to claim or whether you are eligible, please call or email us.

* Please Note: The Employment Allowance is subject to Parliamentary approval of the legislation in the National Insurance Contributions (NICs) Bill. As such the details contained here are subject to change.

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