Jump to content
Sign in to follow this  
k4mrc

Employers - Calim your £2000-00 or lose it!!

Recommended Posts

Just been informed of this employer refund of £2000-00 off of my employee tax, thing is you HAVE TO CLAIM to get it!

So do not miss out, Claim it and claim before the deadline - or you will lose out!

 

The employers must tick a box on their software in order to claim the allowance at the start of the tax year.

 

For 2014/15 ER’s NICs is payable at a rate of 13.8% on employment earnings in excess of £153 per week (£7,956 per year), taking this into account, an employer could (if it wanted) pay:

a single employee a salary of £22,448, or

two part-timers on salaries of £15,202, or

three part-timers on £12,786, or

four part-timers on £11,579 per annum and

pay no ER’s NICs at all.

Alternatively if an employer is only paying a number of staff under £153 per week there would not be a NIC's liabiity in any case.

 

This relief may have a positive effect for many employers and so it is advisable to consider staffing and salary levels ahead of April.

Share this post


Link to post
Share on other sites

Hello Employer,

 

 

From the 6 April 2014 you can get the Employment Allowance which could reduce your employer’s Class 1 National Insurance Contributions (NICs) by up to £2,000 every year.

 

Who is eligible? Almost every employer who is a business or charity (including a Community Amateur Sports Club) that pays employer Class 1 NICs on their employee’s or director’s earnings will be eligible.

 

How do I apply? If you’re eligible all you need to do is claim it using your 14-15 payroll software. This will depend on your package, but will most likely be a box you have to tick.

 

Up to 1.25 million businesses and charities will benefit from the Employment Allowance and around 450,000 will not have to pay any Class 1 NICs at all in 2014-15.

 

To check your eligibility and get further information about the Employment Allowance go to www.gov.uk/employment-allowance.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×