Claim your £3,000 gift from HMRC now!

Jul 14, 2016

Once again this year small employers will have the opportunity to claim the National Insurance allowance.  The bonus is that this year eligible employers can claim up to £3,000 per year depending on how much Employers National Insurance they pay.  This is an increase of £1,000 over last year.

The reason why the government has continued this allowance is to try and encourage employers to reinvest the saving they have made into new staff resource or other areas of their business.

The basics of the scheme are as follows:

  • Eligible businesses can claim up to £3,000 against their employers national insurance liability each year.
  • You can only claim the allowance against a single PAYE scheme.  Some businesses have associated businesses but are only allowed to claim this allowance once.
  • Claims will be made either via the third party software you currently use or via the HMRC’s basic PAYE tools.
  • In order to claim, companies should deduct a cumulative amount of up to £3,000 from their monthly employers NIC bill.
  • If you are a single person company or one caught by the IR35 legislation this scheme will not apply.

Each business will need to assess whether they will be eligible for the allowance. If you are unsure whether you qualify for this scheme, or would like help making your claim or to discover how your company could become eligible, please give us a call.



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