Employment Allowance

Date: 21/03/14

Employment Allowance

From 6 April 2014 employers can claim the Employment Allowance and reduce their employer Class 1 National Insurance contributions (NICs).

You can claim the Employment Allowance if you are a business or a charity (including Community Amateur Sports Clubs) that pays employer Class 1 NICs on your employee's or directors's earnings.

If your company belongs to a group of companies or your a charity is part of a charities structure, only one company or charity can claim the allowance.

You can only claim the £2,000 Employment Allowance against one PAYE scheme, even if your business runs multiple schemes.

For more information on how to claim your Employment Allowance and to see which employers are excluded please visit www.gov.uk/employment-allowance-up-to-2000-off-your-class-1-nics


Tim Preece FCCA

Author: Tim Preece FCCA

A former pupil at Lancaster Royal Grammar School, Tim joined Scott & Wilkinson in 1992 as a trainee after completing a degree in Maths and Economics at Leeds University and qualified as an Accountant in 1996. Tim was...

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