The National Insurance contributions (NICs) holiday applied to new businesses, in specific locations, including Scotland, that started during the period 22 June 2010 to 5 September 2013. Subject to meeting certain conditions, eligible businesses were able to claim up to £5,000 as a deduction from the employer NICs due for each of the first 10 employees they employed during the holiday period.
A retrospective claim for the NICs Holiday can’t be made after the end of the period of 4 years, beginning with the day on which the last deduction could be made in respect of the qualifying employee.
As the scheme ended on 5 September 2013 the latest possible date that a claim can be made (provided a deduction was due for a qualifying employee on that date) would be 4 September 2017.
To find out if you are eligible to apply for a retrospective NIC holiday claim and your business meets the criteria then please contact Charlotte Stewart (email@example.com) or your usual AAB contact.