National Insurance Contributions Bill will deliver a £2,000 a year tax cut for businesses and charities.

The Bill contains legislation for the Employment Allowance which, from April 2014, will give businesses and charities a £2,000 tax cut off their National Insurance Contributions bill.

Infographic on the National Insurance Contributions employment allowance.

Benefiting up to 1.25 million businesses, this action taken by the government will result in around 450,000 businesses – or one-third of all employers – being taken out of paying National Insurance Contributions altogether.

See how the Employment Allowance will reduce National Insurance bills for businesses and charities from April 2014:Employment Allowance Calculator

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