With effect from 6 April 2014, employers can now reduce their Class 1 National Insurance Contributions (NIC) by up to a maximum of £2,000 per tax year.

To assist our clients in how they can reduce their tax we have put together a helpsheet.

Download the Employment Allowance Factsheet (4MB)

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The information in this article was correct at the date it was first published.

However it is of a generic nature and cannot constitute advice. Specific advice should be sought before any action taken.

If you would like to discuss how this applies to you, we would be delighted to talk to you. Please make contact with the author on the details shown below.

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Philip Woodgate - Partner

E: pwoodgate@goodmanjones.com

T +44 (0)20 7874 8836

Philip advises businesses and their owners, including international businesses coming to UK, helping them set-up and establish in the UK.

He acts as a centre-point to solve business issues - coordinating our specialists and adding selected external partners into the mix where appropriate.

A key part of his role is to provide a fast response and practical advice for technical tax and financial issues.

As a member of the ICAEW IT Faculty Technical Committee, he combines financial and technology skill sets and provides management reporting and accountancy services using cloud technology.

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