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04 August 2015
Real time information guidance
Since 6 April 2014 most employers have been able to reduce the cost of their secondary Class 1 National Insurance contributions (NICs) by up to £2 000 per tax year through the employment allowance. Employers claim up to that amount against their Class 1 NI payments through the employment payment summary (EPS). If the payroll software does not provide the EPS facility a claim can be made through HMRC’s Basic PAYE Tools. Organisations may be eligible for the employment allowance if they are a business or charity including amateur sports clubs or since 6 April 2015 if they employ a care or support worker. However a group of companies can only claim the allowance for one PAYE scheme. Further the employment allowance cannot be claimed by:
- a person who employs someone for personal ...
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