The reporting of employment allowance is changing. From April 2020, eligible employers are entitled to claim up to £4,000 off their employer national insurance costs. However, where their claim would previously be rolled over into the new tax year, now, due to Brexit the process has changed. Employment Allowance is now classed as a State … Continue reading How to Claim Employment Allowance
So, the 6th of April brings in the new tax year with new rules, but what are the changes? Personal Allowance - increases to £11,000. Personal Savings Allowance - if you are in the 20% band for income tax, you will pay no tax on the first £1,000 of interest you get from savings. If … Continue reading New Tax Year – New Rules!
Following on from the success of the abolition of Employer National Insurance for employees aged under 21, this year sees a similar scheme rolled out to apprentices. From 6 April 2016, if you employ an apprentice who is under the age of 25, you may not have to pay Employer Class 1 NICs on their … Continue reading Expansion Of Zero Rated Employer NIC’s