This means that most will be spared a major tax increase.
"Small businesses did not want this tax on jobs because clearly it would have been a major barrier to staff retention and job creation and would have hindered economic recovery," said the Forum of Private Business Chief Executive Phil Orford.
"For the majority of employers it would have proved to be an unpopular and unworkable tax rise. Although not perfect, the new coalition government's policy on NI is far better and provides a degree of certainty for business growth now and in the future."
We await the full details in the emergency budget expected Early July