…but is this good news or bad
The summer budget announced an increase in the NIC employment allowance to £3,000 from 6 April 2016.
At the same time we were told that the allowance would no longer be available to companies where the director is the sole employee.
We have no further guidance on how this will be applied. For instance will partnerships & sole traders with a single worker be excluded, what happens if the director employs his/her spouse or adult child.
Watch this space for further details.