13 February 2014
Employment Allowance
The Employment Allowance will give employers a £2,000 reduction in NICs from April 2014. Draft arrangements have been issued by HMRC which set out how employers should claim the Employment Allowance against their secondary Class 1 NIC liability. We will shortly advise the optimum salary level for small companies which will be higher than last year, probably as much as £830 per month for the first director.