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New Requirement for Postcode Provision in Freeports and Investment Zones for NICs Relief

  • Employers in Freeports and Investment Zones special tax sites must provide employee workplace postcodes in PAYE submissions
  • This is required to claim relief from Class 1 employers’ NICs
  • Consultation on draft regulations closes on 15 May 2024
  • Mandate goes into effect on 6 April 2025

Source: taxscape.deloitte.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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