Tue 15 Apr 2014
Following Royal Assent to the NIC Act 2014 HMRC has announced the arrangements for operating the allowance as well as expanding the guidance, with particular reference to the eligibility criteria and for multiple payrolls under a single scheme. Where a company belongs to a group of companies or a charity is part of a charities structure, only one company or charity can claim the allowance. The guidance is additional to that previously announced.
The Employment Allowance currently allows certain businesses to reduce their Class 1 Secondary employer National Insurance Contributions (NICs) bill by up to £3,000. As of April 2020, there are going to be changes to those businesses that can claim the allowance. The relief is being removed from larger employers (those that incur employer Class 1 […]
Last week the Government launched their promised review into the IR35 off payroll working regulations for the private sector. However, the review is not looking to cancel, delay or impinge on the introduction of this legislation from April 2020. Instead, the review is focussed on assessing the implementation of changes to the off-payroll working rules that […]
Whilst the main headlines coming out from the Budget include Stamp Duty for first time buyers, VAT registration thresholds and further investment in R&D, infrastructure and skills across the country, there were many important announcements impacting Employment Taxes, published in the ‘small print’. The highlights are… Employment Status Expected to be front and centre but […]
The Spring Budget did not provide for any surprises in the area of employment taxes. So, what are the highlights? Consultations documents are expected on the following to address the inconsistencies in the tax system regarding benefits in kind and employee expenses: Benefits in kind – A ‘call for evidence’ on exemptions and valuation methodology […]
At the Summer Budget 2015, the Chancellor announced the introduction of the Apprenticeship Levy. The policy idea is to that the levy will be used to fund new apprenticeships, and also improve their quality in order to better develop vocational skills. It is not clear at present precisely how the funding of appropriate training out […]
The promise in the 2014 Autumn Statement of an exemption from employer’s NIC on apprentices’ earnings provoked a flurry of speculation about the possible scope of the measure but what we have is what the realists/pessimists expected: strict limitation to Government-favoured apprenticeship schemes. From 6 April 2016 employers will be able to claim an NIC […]
From April 2016 employers who have apprentices aged 25 years and under on their payroll will be able to claim exemption from employers NIC on the cost of the apprentices salary up to the upper earnings limit. Based upon the rates and thresholds for 2015/16 you could pay an apprentice a salary of up to […]
The current £2,000 Employment Allowance does not cover those employers engaging individuals such as nannies, housekeepers and carers where these duties are primarily carried out in the family home. This will benefit people who employ carers in the family home who will now be able to take advantage of this exemption and benefit from reducing […]
In the Budget on 20 March 2013, the Chancellor announced the Government’s proposal to introduce an allowance of £2,000 a year for businesses, charities and Community Amateur Sports Clubs (CASC) to be offset against their employer NICs from April 2014. This reduction of the employer NIC liability is being called the “Employment Allowance”. Employers will […]
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