The CIOT advises employers to act quickly where they may have inadvertently fallen foul of the rules for connected companies and charities in claiming multiple employment allowances against their NICs to reduce the risk of penalties being charged in the future. Employers can reduce the NICs by up to £2,000 per tax year by claiming the allowance but HMRC has identified a number of cases where multiple companies or charities within a group have each claimed the allowance. See www.bit.ly/1N09v92.
The CIOT advises employers to act quickly where they may have inadvertently fallen foul of the rules for connected companies and charities in claiming multiple employment allowances against their NICs to reduce the risk of penalties being charged in the future. Employers can reduce the NICs by up to £2,000 per tax year by claiming the allowance but HMRC has identified a number of cases where multiple companies or charities within a group have each claimed the allowance. See www.bit.ly/1N09v92.
