Employment Allowance

by Aspiring Training on February 25, 2016 No comments

The Employment Allowance gives almost every employer a credit worth of up to £2,000 to set against their NIC bill. This credit will increase to £3,000 for 2016/2017, which may help to offset the costs of the higher “living wage” payable from 1 April 2016.

However the Employment Allowance will be withdrawn from one person companies from 2016/2017. These are companies where the sole director is the only employee.

If this applies to your company, you must remember to untick the claim for Employment Allowance in your first Real Time Information (RTI) submission for 2016/2017.

Aspiring TrainingEmployment Allowance

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