HMRC has launched a consultation on draft regulations covering Freeport National Insurance contributions relief where employees’ time spent at the freeport site is limited due to a protected characteristic.
One of the conditions for the zero-rate of secondary Class 1 NICs for businesses located in freeport tax sites is that employees will need to spend 60% or more of their employed time in the freeport tax site.
The draft Social Security Contributions (Freeports) Regulations 2022 will exempt employees from having to meet the 60% of working time condition if their working time in a freeport tax site is below that threshold as a result of their employer having made an adjustment to their working pattern as a result of the following protected characteristics: disability, maternity, and pregnancy.
The legislation is intended to take effect from 6 April 2022, and HMRC is consulting on the draft regulations until 17 February.
HMRC has launched a consultation on draft regulations covering Freeport National Insurance contributions relief where employees’ time spent at the freeport site is limited due to a protected characteristic.
One of the conditions for the zero-rate of secondary Class 1 NICs for businesses located in freeport tax sites is that employees will need to spend 60% or more of their employed time in the freeport tax site.
The draft Social Security Contributions (Freeports) Regulations 2022 will exempt employees from having to meet the 60% of working time condition if their working time in a freeport tax site is below that threshold as a result of their employer having made an adjustment to their working pattern as a result of the following protected characteristics: disability, maternity, and pregnancy.
The legislation is intended to take effect from 6 April 2022, and HMRC is consulting on the draft regulations until 17 February.
