Does the budget reduction in Employer's NICs cover employers of nannies?

[megandraper]

Just wondering if we are going to save £2k in NICs for nanny or not? Sounds too good to be true, really.

Ooooh, that possibility had not even occurred to me !

Sorry, I don't know (obv), but will watch with interest.

No, because it is not a reduction in NIC's; businesses will be able to offset up to £2,000 of NICs against the tax they pay on profits.

Depending on exactly how this is implemented it may create a loophole for exploitation: I hope not.

oh bother, that would have been nice. thanks for explaining MrAnchovy.

How do you mean, a loophole for exploitation?

Actually since I first posted on this more information has been released, see my post here.

thanks, looking now.