NI Rebate For Small Business Start Up | National Insurance

In The Queen’s Speech, amendments to the National Insurance contributions bill were announced. Offering support for existing and small business start ups, it is aimed at encouraging them to employ more staff.

The Queen Has Announced The Legislative Programme

The Queen"s Speech set out the government"s legislative programme for the 2013/14 Parliamentary session including confirmation that the government plans to introduce an annual £2,000 National Insurance rebate for employers from April 2014.

John Cridland, the CBI Director-General, said:

‘Business does not need a raft of new bills at this stage of a Parliament. You cannot legislate your way to economic growth – laws are only ever one piece of the jigsaw.’

‘The surprise £2,000 National Insurance rebate in the Budget will give smaller firms the confidence to take on extra staff.’

‘Extending the General Anti Avoidance Rule is sensible. No one can condone abusive avoidance schemes which serve no commercial purpose other than the minimisation of tax - even if they are legal.’

Support For New Business Start Ups

If you are a new small business start up and need help with your tax and NI contributions, talk to Harris & Co. As small business accountants, we can help you grow your company, sales and profits. Specially designed to meet the needs of small and medium sized businesses, our accountancy services will help with:

·         Building a better business

·         Compliancy and

·         Small business start up

For more information about your national insurance contributions, talk to Harris & Co on 01604 660661 or email admin@harrisandco.biz.