At Spring Budget 2020, the Chancellor announced the introduction of a National Insurance holiday for employers who hire former members of the UK regular armed forces.
Employers will be able to claim this relief for 12 months starting from the first day of the veterans first civilian employment after leaving Her Majesty’s armed forces. This relief will be available from April 2021.
Ahead of its introduction on 6 April, the Office for Veterans’ Affairs and HMRC will be running a virtual Q&A on Twitter. If you have any questions, then tweet them using #EmployVeterans and they will be answered next Thursday 25 March at 1pm.
For information about what employers need to do if they hire a veteran from April 2021 – please visit GOV.UK