Treasury written question – answered at on 22 July 2024.
Andrew Bowie
Shadow Minister (Veterans), Shadow Minister (Energy Security and Net Zero)
To ask the Chancellor of the exchequer, whether it is her policy to provide National Insurance relief for eligible employers recruiting veterans in their first civilian role after leaving military service.
James Murray
The Exchequer Secretary
The National Insurance contributions (NICs) relief for veterans means that businesses pay no employer NICs on salaries of up to £50,270 for one year of a veteran's first civilian employment. Businesses can claim the relief until April 2025.
Yes1 person thinks so
No1 person thinks not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
