Autumn Statement 2014: Return of the sorcerer’s apprentice as NI scrapped for under 21s

Autumn Statement 2014: Return of the sorcerer’s a...

Ingrid Waterfield comments on news that employers will no longer have to pay tax on apprenticeships for anyone aged twenty-one or under

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Ingrid Waterfield, director in KPMG’s People Powered Performance team, comments on news that employers will no longer have to pay tax on apprenticeships for anyone aged twenty-one or under.

She says: “Anything that encourages employers to untie the knot tightening the noose of youth unemployment can only be good news.  However, it means that the onus is now on employers to invest the money they would have spent on National Insurance contributions on skills development, and talent management.  They must do so in a way that both invigorates the lost generation of long-term young unemployed and ensures the five generations of the workforce can co-exist to maximise productivity.

“Mobility and talent is high up the boardroom agenda as business struggles either to attract the right people, across all levels, or accommodate international talent.  The government needed to support an environment which enables business to employ the right talent and allow movement of workers, both within the UK and globally.  With this move, they have done just that.”



For further information please contact:

Mike Petrook, KPMG Corporate Communications

M: +44 (0)7917 384 576


KPMG Press office: +44 (0)207 694 8773

Follow us on twitter: @kpmguk #AS2014

Visit Autumn Statement 2014


About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 11,500 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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