Following on from the success of the abolition of Employer National Insurance for employees aged under 21, this year sees a similar scheme rolled out to apprentices.
From 6 April 2016, if you employ an apprentice who is under the age of 25, you may not have to pay Employer Class 1 NICs on their earnings up to the new Apprentice Upper Secondary Threshold of £43,000.
To qualify, your apprentice must be under the age of 25, working towards an apprenticeship in the UK, and be able to provide evidence of government funding for the apprenticeship.
Full guidance can be found on GOV.UK.
Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.
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