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Tax Chat

Save £2,000 with Employer NIC Allowance

Save £2,000 with Employer NIC Allowance

From April 2014 businesses in the UK will be entitled to a £2,000 Employment Allowance.

It is anticipated that up to 1.25 million employers will benefit, with most of the benefit being experienced by those employing <250 employees.

Furthermore, 450,000 small employers can apparently expect to pay no NICs at all in 2014/15.

The allowance will be available to businesses, charities and Community Amateur Sports Clubs and the Government have promised that this will be administratively easy to claim.

Watch this space – more details have been promised in the New Year.

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