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National Insurance: £2000 Employment Allowance

10/7/2013

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From April 2014 every business, charity and community amateur sports club, will be entitled to an annual 'employment allowance' of £2,000 to reduce their liability for Class 1 secondary National insurance contributions.

Up to 1.25 million employers will benefit , with over 90% of benefit going to smaller employers with fewer than 250 employees.   As a result many employers will no longer pay Class 1 secondary NIC's
and employers with fewer than 10 employees will see their employer NIC's reduced by 80%.

This can be nothing but good news!  Where we provide the payroll services, we shall claim this automatically.


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