Announced in the Budget was a £2,000 reduction for (almost) every employer on their Class 1 Employers NIC, please note, employee NIC deduction remains unaffected, this is an employer reduction only.
If you Employers NIC costs are less than £2,000 then you will effectively not pay anything, if you pay more than £2,000 then effectively the first £2,000 is not payable.
Although not likely be make a huge difference to many small businesses, and after accounting for the extra Corporation Tax that you will now pay due to an extra £2,000 in profits, it is still worth £1,600, now I don’t know about you, but rather have it in my pocket than the taxman’s.
