2014 Salary - £10K it is

[TheCyclingProgrammer]

My accountant has just had to send out a message saying that despite what it says in Dave's letter, there is NO £2k cashback, just the allowance...

Hmm, I musn't have read Dave's letter properly before I put it in the bin...did it really say that?

[Platypus]

I think I'll get back all the employers' NI that MyCo pays (yes, I do pay some, about £600 a year).

That was my understanding anyway

[Clare@InTouch]

I think I'll get back all the employers' NI that MyCo pays (yes, I do pay some, about £600 a year).

That was my understanding anyway

You'll simply not pay it over to HMRC in the first place.

[Clare@InTouch]

Hmm, I musn't have read Dave's letter properly before I put it in the bin...did it really say that?

He's not helpful......

I am writing to you today about the new tax cut for businesses and charities that starts on 6 April.
The new Employment Allowance could take £2,000 off your employer National Insurance
Contributions (NICs).

Britain has been through some very tough years. We endured one of the biggest bank bailouts in the
world and the deepest recession in generations. For businesses and charities like yours, on the frontline
of the economy, we know it has been especially difficult.

We came into Government with a long term economic plan to rescue the economy.

Thanks to your hard work, we are now seeing the results. A private-sector recovery with the economy
growing, jobs being created, and confidence reaching new highs. Businesses are saying to us they want
to invest, grow, and take on new people. The Employment Allowance is about helping you to do that.

The Allowance will cut up to £2,000 from your employer NICs bill. This means £2,000 cashback on
the cost of jobs that you can choose how to spend. I hope you will consider using it to take on
more employees.

Simplicity has been the priority in designing the allowance. It will be easy to claim, and all you have to
do is tick a box on your payroll software. You can check your eligibility and see more practical details
online at: https://www.gov.uk/employment-allowance

Around 1.25 million businesses employing someone will benefit from the Allowance, whether you are
taking on your first employee or your fiftieth. A third of all employers will see their NICs bill abolished.

The Employment Allowance starts on 6 April. I urge you to sign up so that you can benefit from a cut
in the cost of employing someone and help to grow our economy.

Yours sincerely