Posts tagged [Employement Tax Incentive]


  • ETI 24 Months Threshold

     

    • Do you know / understand ETI (Employement Tax Incentive)?

     

    • Did you know that there is a 24 month limit per employee for claiming ETI?

     

    • Are you printing your monthly ETI Report to keep tabs on who has qualified for how many months?

     

    • Have you ticked the 'Apply 2nd Year ETI Calculations' Box in Pastel Payroll once an employee has qualified for 12 months?

     

    Let's have a look at all the above questions and explain the Employment Tax Incentive:

    What is ETI?

    It is an incentive aimed at encouraging employers to hire young and less experienced work seekers. ... The employer can claim the ETI and reduce the amount of Pay-As-You-Earn (PAYE) tax payable by the amount of the total ETI calculated in respect of all qualifying employees.

     

    Can I Claim ETI?

    The employer is eligible to claim the ETI if the employer–

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