More HMRC Guidance On The Employment Allowance
The Employment Allowance of up to £2,000 is available to most employers from 6 April 2014. Employers can reduce the amount of National Insurance contributions (NICs) they pay for their employees by up to £2,000. This is called the ‘Employment Allowance’.Employers generally won’t have to pay any employer National Insurance contributions at all if they usually pay less than £2,000 a year. HMRC has issued more guidance on the practicalities of claiming the allowance which can be found by visiting the link below. For help with payroll matters please do contact us.