Share schemes & incentives

The end of the holiday pay scheme for construction businesses

The holiday pay scheme was a valuable concession and meant that employers or employees did not pay NIC on holiday pay if that pay came via an independently managed central fund to which several employers contributed. In 2007 the government made a decision to withdraw the scheme. Employers in the construction industry were then given five years grace to operate the scheme following the decision. This five year period ended on 31 October.

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