The Chancellor announced the creation of a NICs Employment Allowance in the 2013 Budget. This is planned to start on 6 April 2014 and moved a step closer to becoming law with the First Reading of the Bill on 14 October 2013.
Businesses, Charities and Community Amateur Sports Clubs will be able to reduce their Employer Class 1 NICs bill by up to £2,000 per year. The Employment Allowance will be straightforward to claim using standard payroll software.
More details on how to claim the Employment Allowance will be available in the New Year.
If you would like to know how we can help, please contact us on 0121 667 3882 or send an email to info@informaccounting.co.uk and we will do the calculations to reflect individual circumstances.
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