Starting a new company. Will it qualify for the NIC exemption?

I’m thinking of starting a new company. Will it qualify for the NIC exemption?

It depends on where your business is based. Businesses in the east and south-east of England, or London, don’t qualify for the so-called NIC holiday. The southeast region stretches all the way up to the Northamptonshire border, so you need to be quite clear where your principal place of business is. Secondly it must be a new business, not an existing business that has been transferred to a new company. There are also some excluded sectors such as road freight, coal and export businesses. We need to talk through the detailed rules before you apply for the NIC holiday.

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