Qualified advisers answering your
Financial Questions
call 0800 092 1245

HM Revenue and Customs announces national insurance holiday

HM Revenue and Customs have today announced a surprise national insurance holiday for new companies in the UK in areas of the country likely to be hardest hit by the reduction in public-sector investment. Those who are eligible for the national insurance holiday will be able to claim relief for the first 10 employees they hire in their first year of operation. HM Revenue and Customs believes that the scheme, which runs until September 2013, has the potential to save up to £50,000 per employee.

There is no doubt that the UK government is attempting to reduce the potentially enormous loss of business for some companies when public-sector spending cuts begin to flow through. Areas such as the North West of England, which is a large public-sector investment pool, is one part of the country which will be eligible although a number of experts in the business field are calling for the government to extend the scheme and widen the eligibility.

In many ways the UK government is damned if it does and damned if it doesn't because ultimately the more the government gives back to the UK business arena the more that people want.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details