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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
    • Scotland
    • Wales
    • 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

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