Did you know?
Did you know that new businesses set up in some parts of England on or after 22 June 2010 can claim exemption from paying employer’s Class 1 NICs for the first ten employees hired in the first year of trading? The idea is to help boost employment. The exemption will apply for the first 52 weeks of employment, and will be capped at £5,000 per employee. The employees’ NICs will still have to be paid. The scheme is expected to start in September 2010 and run for three years. Businesses established in London, the east and south-east regions of England will be excluded, as will certain businesses in grant-supported sectors.
