You may be able to save up to £50,000
28 Feb 2012
The Regional Employer National Insurance contributions (NICs) holiday is available to new businesses for a limited period and subject to meeting certain conditions. New businesses may be able to qualify for a reduction of up to £5,000 of the employer NICs that would normally be due - for each of the first ten employees they take on. This means a potential aid to business of up to £50,000.
Applying for the scheme
You can apply for the NlCs holiday if:
- your business started on or after 22 June 2010, and
- the main place of business is located within the following regions
- Northern lreland
- East Midlands
- North East
- North West
- South West
- West Midlands
- Yorkshire and lhe Humber.
They can backdate your claim if you have already started to employ people.
lf you are a tax agent for a new business you can apply on their behalf as long as we hold valid authorisation on form 64-8.
For more information and to apply online go to www.businesslink.gov.uk/nicsholiday