Related Commentary  

4(1)  This section applies where–

(a)a person, or a number of persons in partnership, (“P”) starts a new business during the relevant period,

(b)the principal place at which the new business is carried on when it is started is not in any of the excluded regions, and

(c)one or more persons are qualifying employees in relation to the new business.

4(2)  The appropriate amount in respect of each qualifying employee may be–

(a)deducted from Class 1 contributions payments which P is liable to make, or

(b)refunded to P.

4(3)  Section 5 defines what is meant by “starting a new business”.

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