Don’t forget National Insurance (NIC) holidays for business startups

If your UK business start-up was set up on or after 22 June 2010 then you may be eligible for a 12 month holiday from employer’s national insurance contributions – normally payable at a rate of 13.8% on employees’ and directors salaries in most cases. This incentive, aimed at boosting the number of business startups … Read moreDon’t forget National Insurance (NIC) holidays for business startups

National Insurance Contribution (NIC) Holiday Scheme for businesses – What’s it all about?

Yesterday saw the formal launch of the Regional National Insurance Contribution (NIC) holiday for businesses started between 22 June 2010 and 5 September 2013. This tax incentive announced in the June 2010 Emergency Budget allows for a 12 month break from paying employer’s national insurance contributions (currently 12.8% going up to 13.8% from 5 April 2011) on the … Read moreNational Insurance Contribution (NIC) Holiday Scheme for businesses – What’s it all about?