HMRC has published new guidance National Insurance contributions relief for employers who hire veterans on the NICs relief available for employers who hire veterans on civilian employment after leaving the regular armed forces. The relief will be available to all employers of veterans regardless of when the veteran left the regular armed forces, providing they have not previously been employed in a civilian capacity.
Although the relief will be available from April 2021, for the period from April 2021 to March 2022 employers will need to pay the associated secondary contributions as normal and then claim them back retrospectively from April 2022 onwards. From April 2022, employers will be able to apply the relief in real time through PAYE. Further information on how employers will be able to claim back the NICs is expected to be published before April 2022.
HMRC has published new guidance National Insurance contributions relief for employers who hire veterans on the NICs relief available for employers who hire veterans on civilian employment after leaving the regular armed forces. The relief will be available to all employers of veterans regardless of when the veteran left the regular armed forces, providing they have not previously been employed in a civilian capacity.
Although the relief will be available from April 2021, for the period from April 2021 to March 2022 employers will need to pay the associated secondary contributions as normal and then claim them back retrospectively from April 2022 onwards. From April 2022, employers will be able to apply the relief in real time through PAYE. Further information on how employers will be able to claim back the NICs is expected to be published before April 2022.
