http://www.legislation.gov.uk/uksi/2022/364/contents/made
The Employment Allowance (Increase of Maximum Amount) Regulations 2022
en
King's Printer of Acts of Parliament
2022-03-23
SOCIAL SECURITY
These Regulations amend the National Insurance Contributions Act 2014 (c. 7) (“the Act”). Persons who incur liabilities to pay secondary Class 1 National Insurance contributions during a tax year are entitled under section 1 of the Act to claim an allowance, known as the “employment allowance”, which they can deduct from their payments in respect of these liabilities. Regulation 2 amends section 1(2)(a) of the Act so as to increase the maximum amount of the employment allowance from £4,000 to £5,000 for the tax year 2022-23 and subsequent years.