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Wednesday 14th November 2018 - Last update: September 7th, 2018.

Claimable Allowances for Employers

September 7, 2018

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Type: Advice for Individuals, Latest Blogs, Payroll, Trending

There are several allowances that employers can claim back though their PAYE payments.

 

Apprenticeship Allowance – All public, private and voluntary sector employers with an annual pay bill of more than £3m can claim up to £15000.

 

The pay bill is any payment subject to Employer Class 1 NIC (wages, bonus, commissions, etc) and includes:

 

  1. Employee earnings which fall below the LEL and ST
  2. Payments made to under 21’s
  3. Apprentices under 25

 

Employment Allowance – This allowance will reduce your employers’ Class 1 National Insurance amount until the £3000 amount has been reached. You can claim Employment Allowance if you’re a business or charity (including community amateur sports clubs) paying employers’ Class 1 National Insurance. You can also claim if you employ a care or support worker.

 

If you have more than one employer PAYE reference, you can only claim Employment Allowance against one of them.

 

Statutory Payments – All employers can claim back at least 92% of the Statutory Maternity, Paternity, Adoption and Shared Parental Pay given to employees. However, employers who pay less than £45,000 in Class 1 National Insurance Contributions in the previous tax year can claim back 103% of the payments.

 

If you would like to discuss this blog in more detail, please email Emma Mahoney or call us on 01772 821 021.

 

Alternatively, please fill in the form below with your enquiry or comment and we will reply to you as soon as possible.

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