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  • 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.

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