Did you know businesses can reduce their Class 1 National Insurance contributions by up to £3,000 in a year by claiming employment allowance? Unfortunately, most businesses don’t, therefore, thousands of pounds are waiting to be reclaimed.
However, our superhero team saved the day for several of our new clients. Not only do we process thousands of employees pay on a monthly basis, but we also ensure that all employers are claiming the correct allowances, when applicable.
In the past month or so, we have undertaken a full review of new clients coming on board, and in one case we have been able to claim £14,000 in unclaimed employment allowance for a client. A nice little addition to cash flow for that business. The previous provider had either not considered the employment allowance, or not understood that it could be claimed.
The sums claimable, bearing in mind the employment allowance can be claimed back to the 2015/2016 tax year, are not insignificant.
If you are unsure whether you have claimed the allowance or whether you qualify for the allowance, please contact Paul Chappell, Head of Legislation and Compliance, on 03331 123456.