What is Employment Allowance?

Back 9 October 2018
What is Employment Allowance?

What is Employment Allowance?

 

 

You could get up to £3,000 a year off your National Insurance bill if you’re an employer - this is called Employment Allowance.

The employment allowance will reduce your employers’ (secondary) Class 1 National Insurance each time you run your payroll until the £3,000 has gone or the tax year ends (whichever is sooner).

You can only claim against Class 1 National Insurance you’ve paid, up to a maximum of £3,000 each tax year. You can still claim the emplyment allowance if you pay less than £3,000 a year.

There are some eligibility criteria that need to be met before you can claim and they can be for here.

If you have any questions or would like to explore this further then just get in touch.

Call: 01322 555 442

Email: happytohelp@bluerocketaccounting.com

 

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