Employment allowance increased to £5K pa from April 2022


March 3, 2022|In KRW Tax news|By Keith Witchell

Alongside the increase to the NIC threshold for employees, the Chancellor also announced some help for employers facing the 1.25% increase in Employers NIC from next month, by increasing the Employment Allowance from £4,000 per annum to £5,000 annum from April 2022.  However, disappointingly, the Employers NIC threshold has not been increased and remains at the previously confirmed level of £9,100 per annum from April 2022.

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Keith Witchell

Director