As announced in the Autumn Budget.
The government will legislate to restrict access to the NICs Employment Allowance to employers with an employer NICs liability below £100,000 in their previous tax year. Where employers are connected under the Employment Allowance rules the threshold will apply to their aggregated liability. This will take effect from 2020.
Our experts at Beavis Morgan are committed to helping ensure that your financial plans remain effective, even as your personal and business circumstances change, and we will work alongside you to help you achieve a rewarding and financially secure future for you and your family.
Contact your usual Beavis Morgan Partner for further information about how we can assist you and your business. Our experts are available to guide you through the tax maze and help you with bespoke solutions to ensure that you and your business are as tax efficient as possible.