As we are at the start of the 2023-24 tax year it is important that businesses consider whether they qualify for the Employment Allowance.
The Employment Allowance is worth up to £5,000 and is offset against the employer’s National Insurance liability up to the £5,000 limit.
There are four main criteria to be considered when assessing whether a business is entitled to claim the employment allowance or not. These four criteria are:
If you have any queries, or would like us to assist you with a review of whether you qualify for the Employment Allowance, please contact us.