NIC holiday for new businesses
As announced in the June 2010 Budget, Employers National Insurance Contributions are to be waived for the first 10 employees of new businesses established on or after 22 June 2010, for a period of 3 years. HMRC have issued guidance as to what constitutes a “new” business.
The holiday relief is available for each of the first 10 employees taken on in the first year of the business’ life, or in the first year after the first employee was hired, if earlier. New businesses must contact HMRC, who will issue a PAYE starter pack which includes an application to confirm eligibility to join the scheme and claim the relief.

July 2010