NIC change for hiring veterans takes effect

Released 06 April 2021

The new National Insurance Contributions (NICs) relief for employers who hire veterans applies from 6 April 2021. The relief provides a zero-rate of secondary Class 1 NICs on civilian employment after leaving the regular armed forces.

For the twelve months between April 2021 and 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 press release Tax cut for employers of veterans brought in.

Be the first to vote

Rate this article