New rules for employment allowance16/10/2019 // No Comments
Currently most employers are entitled to a deduction from their Class 1 NI bill of £3,000. From April 2020 this could change, with the impact affecting all employees as follows:
- If your Class 1 NI in 2019 exceeded £100,000, you will not be entitled.
- There is no automatic qualification and this will need to be claimed each tax year by the submission of an eligibility declaration.
- If you share resources such as premises or staff with another employer, you will be required to reassess your eligibility for employee allowance.