Budget 2018: the chancellor has announced measures to ensure that the Employers' NIC Allowance will be restricted to smaller businesses only.

This will take effect from 2020-21:

  • It will apply to businesses and charities.
  • Those with an Employer National Insurance Contributions (NIC) bill of £100,000 or more in the previous tax year will not be entitled to claim the £3,000 Employment allowance
  • Where employers are connected under the Employment Allowance rules the threshold will apply to their aggregated liability.

Useful links:

Budget 2018 live highlights

Budget 2018 summary

External link

HM Treasury: Employment Allowance

 

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