Are You Eligible for a £2000 Per Year Tax Cut From HMRC?

April 4th, 2014

diane-nixon

From Sunday, employers may be eligible for a £2,000 tax cut off their National Insurance Contributions bill. Known as “Employment Allowance”, this tax cut has been introduced to help free up money for small businesses aspiring to grow.

Most businesses and charities that pay Employer NICs on their employees’ or directors’ earnings will be able to claim. In fact, this move by the Government will result in around one third of employers being taken out of paying National Insurance Contributions altogether.

If you are eligible, the Employment Allowance can be deducted from your earliest NIC bill, meaning you will benefit immediately. Then once you have made a claim, no further action is necessary as HMRC will automatically carry it forward each tax year.

If you currently process your own payroll in-house, we can help determine if you qualify for the Employment Allowance and process your claim on your behalf. It is important to make any claims as soon possible.

For more information please contact our Payroll Manager Diane Nixon on 0161 703 2500 or e-mail diane.nixon@championgroup.co.uk


BACK TO NEWS PAGE »
Latest News

Step-by-step guide to automatic pension ...

November 20th 2017

Every three years, employers must re-enrol eligible employees back into their workplace pension sche...

Considering a company car? Everything yo...

October 31st 2017

You may think a company car offers great benefits for both the business and the employee, but have y...

Focus
management accounts

Our Management Accounts service takes this headache away from you. By providing accu...

corporate finance

We help raise finance, advising on the best methods for a given situation, identify ...

SPOTLIGHT ON R&D

MQI Limited

MQI Logo marketing1

MQI Limited develops complex manufacturing execution software systems which support regulatory requirements while reducing risk, lowering costs, improving efficiency and speed to market.

Our Tweets

Champion Accountants

Growth Protection Core Support Menu
Contact