Are you eligible to claim the employment allowance?
The Employment Allowance reduces the amount of National Insurance employers have to pay by up to £3,000 per year.
By using the scheme, a company can write off the first £3,000 of its overall Employers’ NIC bill each year.
The Allowance itself is ‘claimed’ each month via your payroll process, as the liability arises. So, no Employers’ NICs are payable until your company’s entire £3,000 allowance has been used up.
If you haven’t claimed the employment allowance, you can make a claim up to 4 years after the end of the tax year in which the allowance applies.
Is your limited company eligible to claim the employment allowance?