The veterans NI category came into effect in the 2021/2022 tax year. It gives Employers NI relief when employing individuals that were previously members of the armed services.

 NOTE: For find out more about Veterans NI, go to Gov.UK. 

Eligibility

• The employee must have previously served at least one day in the regular armed forces
  • This includes anyone who has completed at least one day of basic training
• The employment must be within the qualifying period
  • This starts on the first day of the veteran’s first civilian employment since leaving the armed forces, and ends 12 months later

Qualifying employees

Assign qualifying employees to the new NI category - V.

NI Category V Rates

You can view the rates in your software:

1. Click Payroll then Change Process Date.
2. Set the process date in the tax year you'd like to check.
3. Click Company, then Legislation.
4. Click the NI tab.
5. Click the National Insurance Category drop-down and select V - Standard Rate Contributions for Veteran employees.