Released 10 February 2021

HMRC have published a policy paper confirming that the new NICs relief for employers who hire veterans provides a zero-rate of secondary Class 1 NICs on civilian employment after leaving the regular armed forces.

This relief is available from April 2021. From April 2021 to March 2022, employers will need to pay the associated secondary Class 1 National Insurance contributions as normal and then claim it back retrospectively from April 2022 onwards.

Further details can be found in the HMRC policy paper.