Information

We have included some information that may be of interest to you.

1. Self-Assessment filing penalties
2. NIC holidays for new businesses
3. VAT crackdown
4. July self Assessment statements
5. Late PAYE payment penalties

NIC Holidays for new businesses

HMRC have announced a scheme for new busineses aimed at saving employers National Insurance contributions– effectively an NIC holiday

The NICs holiday is available to new businesses that start up during the period from 22 June 2010 to 5 September 2013.

Under this scheme, for a limited period and subject to meeting certain conditions, new businesses may qualify for a deduction of up to £5,000 from the employer NICs that would normally be due - for each of the first ten employees they take on.