Increase in employment allowance Category: EQ AccountingPayroll - Posted On: Feb 11 2016 From April 2014, every business, charity and community amateur sports club has been entitled to an annual ’employment allowance’ of £2,000 to reduce their liability for Class 1 secondary NICs. The employment allowance will increase from £2,000 to £3,000 from 6 April 2016 but eligibility will be restricted. To ensure that the NICs employment allowance is focussed on businesses and charities that support employment, from April 2016, companies where the director is the sole employee will no longer be able to claim the employment allowance. For further information, please contact Lynne Vaughan or Jane Russell on 01382 312140. All News View the latest news stories from all of our sectors. View All News News by category View the latest news stories from a specific sector. COVID-19 EQ News People Experienced Professional Graduate Intern RGU Placement School & College Leaver Services Audit & Reporting Corporate Finance EQ Accounting Bookkeeping Cloud Accounting Management Accounts Payroll Taxation International Tax Making Tax Digital Personal Tax Specialisms Agriculture Charities Engineering & Manufacturing Healthcare Leisure Food & Drink Professions Property & Construction Technology
Increase in employment allowance Category: EQ AccountingPayroll - Posted On: Feb 11 2016 From April 2014, every business, charity and community amateur sports club has been entitled to an annual ’employment allowance’ of £2,000 to reduce their liability for Class 1 secondary NICs. The employment allowance will increase from £2,000 to £3,000 from 6 April 2016 but eligibility will be restricted. To ensure that the NICs employment allowance is focussed on businesses and charities that support employment, from April 2016, companies where the director is the sole employee will no longer be able to claim the employment allowance. For further information, please contact Lynne Vaughan or Jane Russell on 01382 312140. All News View the latest news stories from all of our sectors. View All News News by category View the latest news stories from a specific sector. COVID-19 EQ News People Experienced Professional Graduate Intern RGU Placement School & College Leaver Services Audit & Reporting Corporate Finance EQ Accounting Bookkeeping Cloud Accounting Management Accounts Payroll Taxation International Tax Making Tax Digital Personal Tax Specialisms Agriculture Charities Engineering & Manufacturing Healthcare Leisure Food & Drink Professions Property & Construction Technology