Employers who hire veterans will be able to claim National Insurance contribution relief for the employees first year of employment, irrespective of when the new employee left military service.
Who qualifies?
Any new hire who has served at least one day in the regular armed forces, or has completed one day of basic training, will qualify for the scheme. But this must be their first civilian job since leaving HM armed forces.
How does it work?
Between April 2021 and March 2022, employers will pay the associated secondary Class 1 National Insurance contributions for new hires and can then claim this back retrospectively from April 2022. After this date, employers can apply the relief through real time PAYE submissions.
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