On 6th April 2015 an National Insurance break
was introduced which specifically benefits employers who employ anyone under 21
years of age.
Employers will not have to pay the 13.8%
Class 1 National Insurance.
The Government have made it clear that this
incentive is to encourage the employment of younger people and was announced
back in 2013 by George Osborne.
This may be a good time to see if you can
hire a younger worker. It will also
apply to any existing employees who are under 21 years of age.
Unfortunately, your younger employee does not
get the same tax breaks and will be subject to employee's NI contributions
where appropriate.
Uf you require further help on this contact us on 01245 261883