NIC holiday

JodieRJodieR Experienced MentorRegistered Posts: 1,002
I've just registered a new client (who's starting a Ltd Co) for PAYE and have received a note about the NIC holiday which is avaliable for new businesses. Apparently it applies to the first 5 employees and can include directors, so I'm wondering whether there's any circumstanses where it'll be beneficial to increase director's pay over the usual £500 a month to take advantage of this scheme? I'm thinking probably not and will do some calculations when I get a chance, but has anyone else looked into this yet?
Jodie

Comments

  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    not sure if this is what your after but here's info i got on another thread regarding this.

    sorry wouldnt fit i can email info i have if you like?
  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,069
    AVic can you link the thread?

    I think we'd all be interested to know how the NIC holiday will affect tax planning so any info someone's already worked out would be good! :)
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    http://www.hmrc.gov.uk/budget2010/nics-hol-new-bus-tn.pdf

    i think thats it but i do have it on a PDF if you would like it emailing let me know
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    heres a funny one because ive reserched this and found it can i add this to my CPD as well as the maternity holiday issue?
  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,069
    Thanks for the link that's great. Yes it's CPD. :)
  • JodieRJodieR Experienced Mentor Registered Posts: 1,002
    Thanks for the link, looks like it's going to be more time & hassle than it's worth. Or maybe I'm just having another grumpy day.
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    Its friday you cant be grumpy lol

    Glad link helped and cheers Monsoon will list it as CPD :)
  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,069
    I list forums like this as CPD. You learn things. It counts! :lol:
Sign In or Register to comment.