HAVERING College has joined employers and employment groups in welcoming the government's announcement that employers will no longer have to pay national insurance contributions (NIC) on apprentices aged 24 and under.
Chancellor George Osborne detailed the changes when he delivered his autumn statement in the House of Commons on December 3rd.
The Chancellor told MPs: "Since 2010, almost 2 million people have taken up an apprenticeship. The Prime Minister has set this country an ambition of 3 million apprentices in the next Parliament.
"So we back the businesses who employ apprentices, especially young apprentices under the age of 25. At the moment we charge National Insurance on businesses who employ apprentices.
"Today I can announce that the jobs tax on young apprentices will be abolished altogether. When a business is giving a young person a chance in life we're going to support them not tax them."
Apprentices under the age of 21 will already be exempt from employer NICs from April.
Havering College senior business development manager Lucy Hunte said: "This is a fantastic incentive for employers considering taking on an apprentice. With the grant for employers also set to be increased to £3,000 for London SMEs from January 2015, there has never been a better time for employers to grow their own talent and set up their own apprenticeship scheme. Havering College offers a full and free recruitment service which ensures we will attract high calibre apprentices to meet the needs of individual businesses across all sectors."