Budget 2018: the chancellor has announced measures to ensure that the Employers' NIC Allowance will be restricted to smaller businesses only.
This will take effect from 2020-21:
- It will apply to businesses and charities.
- Those with an Employer National Insurance Contributions (NIC) bill of £100,000 or more in the previous tax year will not be entitled to claim the £3,000 Employment allowance.
- Where employers are connected under the Employment Allowance rules the threshold will apply to their aggregated liability.
Useful links:
External link
HM Treasury: Employment Allowance