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!