It depends where your business is based. Businesses in the east and south east of England, or London don’t qualify for the so-called NIC holiday. The south-east region stretches all the way up to Northamptonshire border, so you need to be quite clear where your principal place of business is. Secondly it must be a new business, not an existing business that has been transferred to a new company. There are also some excluded sectors such as road freight, coal and export businesses.