Sentences with phrase «nics holiday»

The Government introduced a NICs holiday for start - ups that take on up to 10 employees in 2010, but the FSB believes this does not go far enough.

Most significantly, nearly a third (31 %) of respondents said that reducing NICs payments for the first six months of employment would encourage them to take on more staff, and 11 per cent said extending the NICs holiday scheme would be an incentive.

The FSB has long called for the current NICs holiday to be extended to existing businesses across the UK that have fewer than four employees and that employ up to the three more staff.

We urge the Chancellor to look closely at our NICs holiday proposals and bring this forward in his Autumn Statement.

For full results, go to www.fsb.org.uk/fsb-survey-panel Current Government NICs holiday take up figures from an answer David Cameron supplied in Prime Minister's Questions on Wednesday 12 October 2011.

The current NICs holiday is only open to new start ups and has not had the take - up that the Government expected it to, with only 7,000 businesses using it.

One in 10 businesses (11 %) said that extending the NICs holiday would be an incentive to take on staff, according to recent FSB research.

We estimated that extending the NICs holiday would create 45,000 jobs, this move has the potential to create far more than that.»

Commenting on the small firms» National Insurance rate John Walker, National Chairman, Federation of Small Businesses, said: «The FSB has advocated an extension to the current NICs holiday scheme for some time.

Not exact matches

A targeted VAT cut and a National Insurance Contributions (NICs) holiday must be introduced for small firms as small business confidence fell to -9.3 due to the pressure of weak demand and rising costs, according to the Federation of Small Businesses (FSB) «Voice of Small Business» Index.