Claiming Employment Allowance for earlier tax years

Related imageYou can make a claim for the Employment Allowance up to 4 years after the end of the tax year in which the allowance applies. For example, if you want to make a claim for the allowance for the tax year 2015 to 2016 (that tax year ends on the 5 April 2016), you must make your claim by no later than the 5 April 2020.

You will need a separate Employment Payment Summary (EPS) for each year’s claim when claiming for any tax years that have now ended. You don’t need to send previously reported EPS figures, such as statutory payments.

If you send your claim one year after the tax year has ended, your claim will continue into the current tax year, unless you already have a claim for the Employment Allowance in place that year. If you have paid your PAYE up to date, HMRC will set any Employment Allowance award against your future or existing PAYE liabilities, unless you ask them to refund the amount.

Further information and details can be found here

Rise in Employment Allowance

http://www.sandrasilk.co.uk/uploads/Fotolia_39380637_HMRC.jpgGOOD NEWS FOR EMPLOYERS

Businesses will have their employer National Insurance bill cut by another £1,000 from April 2016, as the Employment Allowance rises from £2,000 to £3,000. The Employment Allowance gives businesses and charities a cut in the employer National Insurance they pay.

This means that businesses and charities will be able to employ 4 people full time on the National Living Wage and pay no National Insurance at all.

https://www.gov.uk/government/news/summer-budget-2015-key-announcements

Employment Allowance for Employers of Care and Support Workers

Did you know that you can now claim Employment Allowance if you employ a Carer or Support Worker?

carersFrom 6 April 2015, employers of care and support workers can claim the Employment Allowance. This means they can reduce their Employer NICs bill by up to £2000 a year, depending on how much Employer NICs they pay. The Employment Allowance is not a grant: it works by reducing the amount of employer NICs you need to pay.

You can find more details  here

Changes to National Insurance Contributions

From April 2016, the Employment Allowance will rise from £2,000 to £3,000. 

The Employment Allowance give businesses and charities a cut in the employer National Insurance they pay. 

This means that, next year, businesses and charities will be able to employ 4 people full time on the National Living Wage and pay no National Insurance at all!