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Can you claim the Employment
Allowance?
…. and save up to £2,000?
Did you know?
From 6 April 2014 you may be
able to claim the Employment
Allowance to reduce your
Employer Class 1 National
Insurance Contributions by up
to £2,000 every year
Can YOU claim?
Almost all businesses, charities or
community amateur sports clubs
which pay Employer Class 1 NI
Contributions on employee or
director earnings will be able to
claim
Are there any Conditions?
Where a company or charity is
part of a group, only one company
or charity can claim the allowance
Plus:
Where a business operates more than
one PAYE Scheme, the allowance can
only be claimed against one scheme
How can I claim?
You can claim the Employment
Allowance via your payroll
software…
...by reducing the Employer Class
1 NIC due by an equal amount of
Employment allowance up to
£2,000 per year
Once the claim is made….
It is automatically carried forward
by HMRC each year
HM Revenue and Customs
estimate that up to 1.25 million
businesses and charities will
benefit from the Employment
Allowance
They also estimate that around
450,000 will not have to pay any
class 1 NICs at all in 2014/2015
This has been a slideshare presentation from
Tracy Newman Chartered Accountant
Thank you for reading
www.tracynewman.co.uk
0333 577 0135
info@tracynewman.co.uk

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Employment Allowance April 2014

  • 1. Can you claim the Employment Allowance? …. and save up to £2,000?
  • 2. Did you know? From 6 April 2014 you may be able to claim the Employment Allowance to reduce your Employer Class 1 National Insurance Contributions by up to £2,000 every year
  • 3. Can YOU claim? Almost all businesses, charities or community amateur sports clubs which pay Employer Class 1 NI Contributions on employee or director earnings will be able to claim
  • 4. Are there any Conditions? Where a company or charity is part of a group, only one company or charity can claim the allowance
  • 5. Plus: Where a business operates more than one PAYE Scheme, the allowance can only be claimed against one scheme
  • 6. How can I claim? You can claim the Employment Allowance via your payroll software…
  • 7. ...by reducing the Employer Class 1 NIC due by an equal amount of Employment allowance up to £2,000 per year
  • 8. Once the claim is made…. It is automatically carried forward by HMRC each year
  • 9. HM Revenue and Customs estimate that up to 1.25 million businesses and charities will benefit from the Employment Allowance
  • 10. They also estimate that around 450,000 will not have to pay any class 1 NICs at all in 2014/2015
  • 11. This has been a slideshare presentation from Tracy Newman Chartered Accountant Thank you for reading www.tracynewman.co.uk 0333 577 0135 info@tracynewman.co.uk