From 6 April 2014 eligible employers are entitled to a reduction of up to £2,000 in their Class 1 NIC’s. This allowance can be claimed through your own payroll software, by using HMRC’s basic PAYE tools online or by using a paper EPS. Are you eligible? Have you claimed yet for 2014/15?
If you run your own or a husband and wife company you may wish to look at the benefits this could give you by reconsidering the level of salary paid to yourself and your wife from 6 April 2014.
