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Opus Tax News - February 2016

 

SINGLE DIRECTOR COMPANIES EXCLUDED FROM £3,000 NIC EMPLOYMENT ALLOWANCE


From 6 April 2016 the Employment Allowance increases from £2,000 to £3,000, but if you’re the only employee in a company, and also the director, your company will no longer be eligible for the NICs Employment Allowance.

HMRC is currently consulting on the draft legislation for this change which will mean that the £3,000 allowance will not be available to offset against the employers’ NIC liability of such companies.

Click on the link below to read the full newsletter

Tax-Newsletter-UK- February 2016

 

Registered Office: Opus Accounting Ltd, 2b The Votec Centre. Hambridge Lane. Newbury. RG14 5TN
Incorporated in England and Wales - Company Number 07126791

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