National Insurance Contributions Act 2011

4 Holiday for new businesses

(1) This section applies where—

(a) a person, or a number of persons in partnership, (“P”) starts a new business during the relevant period,

(b) the principal place at which the new business is carried on when it is started is not in any of the excluded regions, and

(c) one or more persons are qualifying employees in relation to the new business.

(2) The appropriate amount in respect of each qualifying employee may be—

(a) deducted from Class 1 contributions payments which P is liable to make, or

(b) refunded to P.

(3) Section 5 defines what is meant by “starting a new business”.

(4) “The relevant period” is the period—

(a) beginning with 22 June 2010, and

(b) ending with 5 September 2013.

(5) “The excluded regions” are Greater London, the South East Region and the Eastern Region.

(6) Section 6 specifies when a person is a qualifying employee in relation to a new business.

(7) Section 7 specifies what is the appropriate amount in respect of a qualifying employee.

(8) Section 8 explains how a deduction or refund is made.

(9) Section 9 makes provision requiring the retention of records.

(10) Section 10 contains an anti-avoidance rule.

(11) Section 11 makes provision for the interpretation of this Part.