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<p>This Government is committed to a competitive tax regime and has introduced a range
of measures to reduce the burden of National Insurance Contributions (NICs), as part
of our long term economic plan to back business and create jobs.</p><p> </p><p> </p><p>
</p><p>The Employment Allowance, introduced in April this year, means that around
450,000 employers– one third of all employers – are expected to be taken out of paying
employer NICs altogether in 2014-15 and from April 2015, employer NICs for under 21
year olds will be abolished, helping to support jobs for almost 1.5 million young
people currently in employment.</p><p> </p>
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