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The Regional Employer National Insurance Contributions Holiday for new businesses is applicable to businesses that started any time from 22nd June 2010 to 5th September 2013. If a company meets the criteria for the NIC holiday scheme, they will be able to get a deduction of up to £5000 from their employer National Insurance Contributions that would ordinarily be due, for up to the first 10 employees.

Although the scheme is applicable to businesses which started from 22nd June 2010, the scheme wasn’t introduced until 6th September 2010 so will only apply after that date. Only certain regions of the UK are included in the NIC holiday scheme, and your main place of business should be in one of those areas when the business commenced. The regions include Wales, Scotland, Northern Ireland, North West, North East, South West, East Midlands, West Midlands, Yorkshire and Humber.

If your business meets the qualifying criteria, the NIC holiday scheme will run for the first 12 months of trading. The first 10 employees are potentially qualifying employees for the scheme. The NIC holiday only runs for the first 12 months for each new employee, so if the end date of the scheme, which is 5th September 2013, is reached before the 12 months then no further deductions can be made.

As the scheme is a ‘de minimis State Aid’, HMRC and businesses which qualify must comply with specified European Commission regulations. As such certain business types do not qualify for the scheme, including companies in the coal sector, the road freight transport sector and businesses which have involvement in export related activities.

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