Employment Allowance
Employment Allowance allows eligible employers to reduce their annual National Insurance liability by up to the annual allowance amount.
| Allowance | 2022 to 2023 rate |
|---|---|
| Employment Allowance | £4,000 |
Apprenticeship Levy
Employers and connected companies with a total annual pay bill of more than £3 million, are liable to the Apprenticeship Levy, which is payable monthly. Employers who are not connected to another company or charity will have an annual allowance that reduces the amount of Apprenticeship Levy you have to pay. Apprenticeship Levy is charged at a percentage of your annual pay bill.
| Allowance or charge | 2022 to 2023 rate |
|---|---|
| Apprenticeship Levy allowance | £15,000 |
| Apprenticeship Levy charge | 0.5% |
Source: HMRC