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Employers’ national insurance: are you making the most of tax-saving opportunities?

National insurance contributions (NICs) can represent a significant cost for many businesses, but recent changes to the regime may present opportunities for employers to reduce their NIC liability in some cases.

Claim the Employment Allowance

Most businesses, charities and Community Amateur Sports Clubs can now reduce their employers’ Class 1 NIC liability through the Employment Allowance. Originally set at £2,000, the allowance was increased to £3,000 from April 2016 in a bid to help businesses with the increased costs associated with the introduction of the National Living Wage.

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Title

Employers’ national insurance: are you making the most of tax-saving opportunities?

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National insurance contributions (NICs) can represent a significant cost for many businesses, but recent changes to the regime may present opportunities for employers to reduce their NIC liability in some cases.

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