|
|
01 Aug 2011
THE NI holiday scheme's lack of success was an "embarrassing setback" for the government, according to shadow chancellor Ed Balls.
Labour analysis found that just 5,137 companies had so far used the scheme, which allows new businesses to receive NI tax reliefs on employees for six months. Accountancy Age revealed in May that the Treasury was far short of the 132,000 eligible for the relief.
Further reading
"After a week when we learned the economy has flatlined over the last nine months, these figures are another embarrassing setback for the Chancellor," said Balls, reported the Daily Telegraph.
The Treasury said it was improving the scheme to ensure it was better used.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment