3Increase of employment allowance and removal of £100,000 threshold etcU.K.

(1)The National Insurance Contributions Act 2014 is amended as follows.

(2)In section 1(2)(a) (the amount of the employment allowance), for “£5,000” substitute “£10,500”.

(3)In section 2 (exceptions), omit—

(a)subsections (4B) to (4G) (secondary Class 1 liability limit of £100,000 or more and receipt of de minimis state aid), and

(b)the italic heading preceding those subsections.

(4)The amendments made by this section come into force on 6 April 2025.