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Backdating Employment Allowance
I've been reading about the Employment Allowance on the HMRC website and other sites and it appears that regardless of when a company becomes eligible for EA in the tax year, that the company can claim back NIC's up to the allowance for all eligible employees for the entire year. Furthermore, the HMRC website also states that any unclaimed allowance at the end of the year can be received as refund or used to pay towards Corporation tax. This almost suggests that HMRC is effectively giving any company that is eligible, £5000 even if a company only becomes eligible one month before the end of a tax year. This doesn't sound right to me. Is this correct or am I misreading this? Thank you.
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