This consultation welcomes views on the National Insurance contributions (NICs) holiday for veterans announced at Spring Budget 2020. It seeks views on a range of issues and, where appropriate, the government’s preferred approach to the design and implementation of this policy.
The measure will introduce a Secondary Class 1 Employer NICs relief on the wages of veterans for the first 12 months of their civilian employment and will be available to employers from April 2021. It welcomes comments on how the government intends to define ‘veterans’ for this relief, the employment periods that should qualify, and how it should be administered.
This consultation from the Cabinet HM Revenue and Customs, and Office for Veterans' Affairs runs from 21 July until 5 October 2020.