I complete several monthly payrolls for my clients, but was asked on friday to set-up a new paye scheme for an existing client who wants to employ their first member staff.
I think there is an incentive to set-up new paye scheme's at present and remember reading something a few months back in regards to some NI savings, but was not sure what the exact saving was for the employer or employee??
Does anybody have any extra information, as I would like to explain to my client what the savings are and how refunds or savings are...
The incentive is that new companies set up between 22 June 2010 and 5 September 2013 will not have to pay employers National Insurance in the first year. It is only for companies in certain regions though so you need to check if your company qualifies. Further information can be found here - National Insurance Holiday for Start-Ups
