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Tax Update - Employment Allowance Increased from £4,000 to £5,000

  • Shepherd Partnership
  • Jun 21, 2022
  • 1 min read

Updated: Jun 27, 2022



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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

 
 
 

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