Employment Allowance: Are you eligible for a NIC discount?
Date published: 09 April 2014
The new Employment Allowance - a discount of up to £2,000 on National Insurance Contributions for every business in the UK - came into force on 6 April, with 137,000 businesses expected to benefit in the North West.
The key benefits are:
- Employers won’t have to pay any employer National Insurance contributions at all if they usually pay less than £2,000 a year.
- Up to 1.25 million businesses and charities will benefit from the Employment
- Allowance and around 450,000 businesses and charities won’t have to pay any employer National Insurance contributions at all.
Nearly all employers that pay Class 1 National Insurance contributions on their employees’ and directors’ earnings will be eligible including:
- Businesses.
- Charities.
- Community amateur sports clubs.
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