Employment Allowance HMRC Take up rates

05/05/2015 - 08:07

HMRC have issued the take-up rates for the Employment Allowance which would have saved qualifying businesses up to £2,000 in employers’ national insurance contributions during the tax year 2014/2015.

Of the 1.25m businesses that were expected to benefit from the allowance 89% did claim and benefit from the allowance.

Regionally take-up rate varied with 95% in Yorkshire and The Humber applying compared to only 84% in Northern Ireland.

Professional, Scientific and Technical businesses accounted for 18% of all businesses to benefit.

Umbrella Accountants help to ensure small businesses benefit from allowances and incentives to which they are entitled.

For more information please call 0800 121 6513 or email team@umbrella.co.uk