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Business Matters

The new Employment Allowance

From 6th April 2014, every employer with less than 250 employees will be entitled to deduct up to £2000 from its Employers National Insurance Contributions (ERNIC).

The last employer tax rebate was the ERNIC Holiday which ended on 5th September 2013 and was a complex system which entitled every employer to escape making payments of up to £5000 per employee but only for the first 10 employees and it applied only to new businesses in their first year. It was a complicated scheme and thankfully is now ended.