Regional employer NICs holiday for new businesses

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.

For more information, go to the BusinessLink website – http://www.businesslink.gov.uk

If you are a user of the 2010 Employer CD-ROM, then you should download this update (version 2.1.0) from the HMRC website. This will ensure that your product will be compatible with future releases planned for 2011.

Web link: http://www.hmrc.gov.uk/employers/cdrom/index.htm