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Good News / Bad News: Employment Allowance 2016/17

There’s good news from HMRC!

The Employment Allowance for eligible Employers will increase to £3,000 from 6th April 2016.  For more information please visit here.

Unfortunately there is also bad news for Sole Director Limited Companies where the Director is the only Employee.

From April 6th 2016 you will no longer be able to claim the Employment Allowance.  Sadly, this will affect over 150,000 people.

With new changes to the way Dividends are to be taxed too, now is a great time to speak to your Accountant who will be able to update you on the best ways to take money from your business for the new tax year.

More info here.

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