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£2,000 Government Giveaway

21 February 2014


A new government scheme, commencing on 6 April 2014 titled Employment Allowance, will allow businesses and charities to reduce their employers Class 1 National Insurance contributions (NICs) by up to £2,000 per tax year.

The allowance has been introduced to help boost employment across the UK economy with a specific aim towards small businesses and helping to reduce employment costs.

The scheme entitles businesses to a saving of £2,000 from their National Insurance bill for the forthcoming tax year and is to be implemented through the payroll scheme.

Haleys Payroll manager Joanna Ramsdale said: “The scheme has not received much publicity and the government have not released the full details. However at the moment it is understood that each small business will receive a boost of £2,000 off their national insurance bill.”

“This is a good incentive for small businesses to help boost employment levels across the economy.”

You can contact Joanna regarding the allowance and how to ensure your business is eligible at or 01772 741200.

Please click on the link below if you would like to visit the official website.

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