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The National Insurance Contributions Bill has been passed by Parliament and is now the National Insurance Contributions Act 2011, having received royal assent.
Employers who chose to wait until after the Bill was passed by Parliament before applying for the employers’ National Insurance contributions (NICs) holiday can now complete their application in the knowledge that the criteria will not change.
New businesses that started during the 2010/11 tax year and are eligible for the holiday will be sent a repayment from HMRC for the amount they were entitled to withhold during the year after the department receives their employer annual return form P35 and form P14s and employer NICs holiday end-of-year return.
The form will be sent to the employer after he or she completes the application.
In a change from the original application process, it is now possible for authorised agents to complete the application on behalf of their clients.
