- Shepherd Partnership
Tax Update - Employment Allowance Increased from £4,000 to £5,000
Updated: Jun 27, 2022
The government has increased the Employment Allowance to help SMEs reduce their annual National Insurance liability by up to £5,000.
You can claim the Employment Allowance if your employer Class 1 National Insurance liabilities were less than £100,000 in the previous tax year.
Please don't hesitate to ask us about ways to maximise your tax benefits.
Find out more on www.gov.uk/claim-employment-allowance