Will you business qualify for a NIC holiday?

 

New businesses in the north west will benefit from a NIC holiday on new jobs created from now until June 2013. Employers can save up to a maximum of £50,000 under the new scheme.

 

The exact details have yet to be published, but the exemption will apply where a new business¬† is set up on or after 22 June 22, and new jobs are created. The employer will be exempt from employer’s NIC on the first ten new jobs for a one year period, capped at ¬£5,000 per new employee.

 

The government intends to launch the scheme by September, but will still apply the NIC holiday from 22 June. Watch this space for further developments!