Did you know that if you employ a veteran you can claim National Insurance Contributions relief up to the veteran’s secondary threshold for the first year of their employment?
An employee qualifies as a veteran if they have either:
Served at least one day in the regular armed forces
Or,
Completed at least one day of basic training.
This relief is available to veterans who have started their first civilian job regardless of when they left the armed forces.
The qualifying period starts from the first day of the veterans first civilian job and lasts for one year.
The 12-month period does not change if the employment finishes, this means that the next employer will be able to claim the remainder of the 12 months relief, but they will need evidence of the veteran’s original start date.
For support with your payroll please check out our website www.payroll-compliance.co.uk or email rachel@payroll-compliance.co.uk .