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£2,000 Government Giveaway

21 February 2014

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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 joanna.ramsdale@haleysca.co.uk or 01772 741200.

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

https://www.gov.uk/employment-allowance-up-to-2000-off-your-class-1-nics

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